SAMART Signs a Contract for Construction of Hat Yai 5 Substation with PEA Worth ฿267Mn

Samart Corporation Public Company Limited (SAMART) announced that TEDA Co., Ltd., a subsidiary of the Company which is indirect 94.35% stakeholding held by Samart U-Trans Co., Ltd., has signed a contract with Provincial Electricity Authority (PEA) for construction of Hat Yai 5 Substation on August 24, 2020. Total value of the contract is Baht 267,007,800 (Including VAT).

Scheduled date of this construction will be finished within 510 days after the starting date notified by PEA. Revenues are recognized using the percentage of completion method.