Tuesday, December 21, 2010

KNM unit gets RM2.19b UK contract

KNM Group Bhd's wholly-owned subsidiary, KNM Process Systems Sdn Bhd (KNMPS), has secured a contract worth RM2.196 billion to develop an 80MWe gross capacity biomass and waste recycling centre project known as "EnergyPark Peterborough" in Peterborough, United Kingdom.

In a filing to Bursa Malaysia today, KNM said the contract for the EnergyPark Peterborough was with Peterborough Renewable Energy Ltd, and the duration was for four years. 

The group said the project represented its drive into the renewable and clean energy sector. 

KNMPS is principally involved in the design, engineering, procurement and manufacturing of process equipment, including without limitation pressure vessels, reactors, columns and towers, drums, heat exchangers, air finned coolers, process gas waste heat boilers. 

KNM said the contract is expected to contribute positively to its earnings for the financial years ending Dec 31, 2011, 2012, 2013 and 2014

Source: Bernama, 21 Dec 2010

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