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NEWS UPDATES Asean Affairs   20 September 2013  

Pestech secures US$29mil Laos job

KUALA LUMPUR: Electric power technology company, Pestech International Bhd, has secured a US$29.257mil contract to build a 115kV double circuit transmission line in Laos for Electricite du Laos (EDL).

It said on Thursday its unit, Pestech Sdn Bhd (PSB) would undertake the contract on a turnkey basis.

The contract was signed with EDL on Wednesday, following a Sept 10 MoU between EDL and an unincorporated JV between VLV Soumpholphakdy Sole Co and PSB.

Under the contract, PSB would undertake the engineering, procurement and construction of the project solely rather than on an unincorporated joint venture basis.

The project for the transmission line from Pakse, Laos, to the Lao-Thai border, is expected to begin in December 2013 and completed within 18 months.

“The project will have no material effect on the revenue and earnings of the group for the financial year ending Dec 31, 2013, but is expected to contribute positively to the future earnings and net assets per share of the group,” Pestech said.
The company stressed that it did not foresee any exceptional risk other than the normal operational risk like availability and changes in the prices of raw materials.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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