Chennai, NFAPost: Chennai-headquartered EDAC Engineering on Tuesday said that its joint venture in Malaysia STS EDAC Engineering SdnBhd (STS EDAC JV) has won a long-term maintenance contract from state-owned PETRONAS (Petroliam Nasional Berhad), Malaysia’s National Oil & Gas Company.
The scope entails maintenance in Petronas’ Refinery and Petrochemical Plants of the company (PRPC Complex) in Pengerang, Johor, Malaysia. The long-term maintenance contract re-affirms EDAC Engineering’s (an associate of SPIC) continuous focus on building high-end engineering and project management skills to service world-class clients across critical sectors like energy, power and manufacturing, the company said in a release.
Ashwin Muthiah, Chairman, AM International Group, Singapore and Principal Investor of EDAC and Chairman of SPIC said, “It is a privilege to partner with PETRONAS. Additionally, we have found a like-minded local partner in STS whose joint efforts is driving our success.”
STS EDAC JV was awarded the MYR 440-million long-term maintenance Contract by PETRONAS on the basis of competitive bids from overone hundred participants. The company went through detailed due diligence, and PETRONAS team got recommendations from its current customers like Equate Petrochemicals Co (Equate), a DowChemicals’ JV with Kuwait Government& Kuwait National Petroleum Company (KNPC).
At the PRPC complex at Johor, STS EDAC JV has been appointed for the maintenance of a major refinery and petrochemical block comprising several process units and PRPC Utilities & Facilities and PRPC Power.