Gamuda JV Wins RM3.05 Billion Contract For Sabah Power Plant

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Post on Oct 27, 2024

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Gamuda Scores Big: RM3.05 Billion Contract for Sabah Power Plant!

Hold onto your hats, folks, because Gamuda's just landed a massive contract! The Malaysian construction giant has teamed up with a local partner to snag a whopping RM3.05 billion contract to build a brand new power plant in Sabah. This deal is a big win for Gamuda, and it's sure to put them on the map in the region.

So what's the deal? Gamuda's JV (joint venture) with local company, Bina Puri Holdings Berhad, will see them take on the construction of a 300 megawatt (MW) combined-cycle gas turbine (CCGT) power plant in the Kinabatangan district. This new power plant is a big deal for Sabah, as it's expected to boost the state's power generation capacity and help to meet the increasing demand for electricity.

But this isn't just about powering Sabah! This project is a major coup for Gamuda, as it will expand their presence in the Southeast Asian market and solidify their reputation as a leading player in the power plant construction sector.

What does this mean for investors? Well, let's just say that this is a positive sign for Gamuda's future, and it's likely to boost investor confidence in the company.

The bottom line: Gamuda's winning this massive contract for a Sabah power plant is great news. It's a major win for the company and a sign that they're serious about making their mark on the region. We'll be keeping an eye on Gamuda to see what they do next, because this project is just the beginning.

Don't forget to check out the latest news and updates on Gamuda and the power plant project!