Chennai-based EDAC Engineering Limited’s overseas arm bags prestigious long-term maintenance contract from PETRONAS - Malaysia’s national oil & gas company
- The long-term contract for maintenance of one of PETRONAS’ key facilities in Malaysia reaffirms the Companies Engineering & Project Management Skills.
- EDAC Engineering is a Chennai-headquartered leading Indian EPC and O&M player; it is anassociate of SPIC.The cumulative value of this contract is estimated at MYR 440 million spread over a ten (5+5) year period.
- STS EDAC, the JV was awarded the contract for maintenance of Petronas’ Refinery and PetrochemicalsComplex in the PRPC Complex, Pengerang, Johor on 1st July 2019.
July
23, 2019, Chennai: Chennai-headquartered EDAC Engineering today
announced that its joint venture in Malaysia has won a prestigious long-term maintenance contract from
state-owned PETRONAS. STS EDAC Engineering SdnBhd (STS EDAC JV), a joint
venture between EDAC Engineering Limited (EDAC), India and Science Tech
Solutions SdnBhd(STS), Malaysia was awarded the contract by Petroliam Nasional
Berhad (PETRONAS), Malaysia’s National Oil & GasCompany.
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
continuous focus on building high-end engineering and
project management skills to service world-class clients across critical
sectors like energy, power and manufacturing.
Congratulating
the STS EDAC team on its achievements, Ashwin Muthiah, Chairman, AM
International Group, Singapore&Principal
Investor of EDAC and Chairman of SPIC
said, “It
is a privilege to partner with PETRONAS, one of Asia’s
admired and giant national integrated oil and gas companies. Additionally, we
have found a like-minded local partner in STS whose joint efforts is driving
our success. We believe the ability to run complicated maintenance contracts
for the efficient running of world-class energy assets like that of Petronas is
proof of our engineering-led people strengths. I look forward to the company
continuing in replicating similar successes for its customers both in India and
globally.”
STS
EDAC JV was awarded the MYR 440-million long-term maintenance Contract by PETRONAS
on the basis of competitive bids from over one hundred participants (both within
Malaysia and outside Malaysia). The “Group-wide
Master Service Agreement (MSA) for Integrated Turnaround Main Mechanical &
Maintenance Mechanical Static (TA4MS)” was presented to the company in March
2019 by way of Letter of Award.
The
company went through detailed due diligence, and PETRONAS team got
recommendations from current customers like Equate Petrochemicals Co (Equate),
a Dow Chemicals’ 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 & PRPC Power.
A
contract award ceremony was held on 1stJuly 2019 at Kuala Lumpur,
Malaysia. The ceremony was attended by the senior leadership team from
Petronas, EDAC and STS. En.SamsudinMiskon, VP-Procurement from Petronas, Mr.
Muhammad Nadzri Bin MohdNadzir, Group MD-STS and Mr. Mohd Shukri Bin
MohdNadzir, CEO-STS and Mr. M. Nandakumar, MD-EDAC along with his team, Mr. B.
Valavan Sr. VP and Mr. J. Hariharan, AGM- were present on this occasion.
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