PETALING JAYA: Powerwell Holding Bhd, via its wholly-owned subsidiary Powerwell International Sdn Bhd, has secured a supply contract worth RM94mil from Tialoc Malaysia Sdn Bhd.

       The contract is for the supply, installation, testing and commissioning of low voltage panels, for a new building project of a multinational corporation’s semiconductor production and testing plant in Kulim Hi-Tech Park, Kedah.

       The contract, which is the second from Tialoc Malaysia for the group, will commence in June 2022 and is targeted to be completed by March 2023.

       With the contract, Powerwell will have an outstanding order book of RM201mil, the group said in a statement.