Home-grown companies will play vital role in SCORE
Posted by sarawakscorecard
Sarawak companies’ excellent resources for SCORE development
Four Sarawak-based companies have been listed by AmResearch as “excellent proxies” to the deep development potential of the Sarawak Corridor of Renewable Energy (SCORE).
AmResearch named the four companies as Sarawak Cable (SCB), Hock Seng Lee, Naim Holdings, and Press Metal.
AmResearch said that a key theme projected by the four companies was that Sarawak is at the nascent stages of an infrastructure boom. It highlighted several key power-related projects that could gain prominence in the near future.
Sarawak Energy Bhd (SEB) is proposing five more hydropower plants after Bakun and Murum, and two coal-fired plants to meet its targeted 7000 MW capacity by 2020.
SCB is part of a consortium pre-qualified for the proposed 500 kV transmission line linking Bunut to Kuching. The $800m project is due for completion by the end of 2014.
It is also believed that the project will be expanded to include over 100 new substations to handle Sarawak’s increasing power loads.
Power Engineering.com (August 18, 2011, Thursday)
It’s good to know that Sarawak’s home-grown companies are able to do some amazing engineering works.
The good news is that as Sarawak’s big industry players get bigger, the smaller contractors will also have the opportunity to grow, as well.
The sub-contractors and the so-called sub-sub-contractors will all get a piece of the economic pie because SCORE will make sure the pie doesn’t stay the same size, but rather keeps on growing.
Posted on August 18, 2011, in Media Reports, SCORE and tagged dams, Hock Seng Lee, Naim Holdings, News, Power Engineering, Press Metal, Sarawak, Sarawak Cable, Sarawak Corridor of Renewable Energy, Sarawak economy, SCORE. Bookmark the permalink. Leave a comment.