SAMART Acquires Supply and Construction of 115 kV Project, Worth ฿360M

SAMART Corporation Public Company Limited (SAMART) has announced the Stock Exchange of Thailand that TEDA Co., Ltd., a subsidiary of the Company which is indirect 94.35% stakeholding held by Samart U-Trans Co., Ltd. has signed letter of award of contract with Electricity Generating Authority of Thailand (EGAT) for Supply and Construction of 115 kV Sing Buri Substation (GIS) for transmission System Expansion and Renovation Project Phase 2 and Fire Protection System Phase 3 on June 5, 2019.

The total value of the contract is THB 358,131,475.11 (calculated by the exchange rate as of Bid Opening date). Completion of the construction will be within June 4, 2022, and the revenue will be booked by prorating of construction.