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Swift Energy wins RM59mil purchase orders
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PETALING JAYA: Swift Energy Technology Bhd has secured six purchase orders worth a combined RM59.07mil for data centre, oil and gas and solar power projects in Malaysia and Thailand.

In a statement, the industrial automation, electrical and energy solutions provider said its subsidiary Swift Energy Sdn Bhd (SESB), together with Azimuth Energy Sdn Bhd through a joint venture, secured its first engineering, procurement, construction and commissioning contract.

The project involves supplying equipment for a complete 11kV substation at a gas compression plant in Johor for an undisclosed customer, described as a “leading Malaysian integrated oil and gas company”.

The joint venture partners have yet to determine their respective shares of the project pending finalisation of their scopes of work.

Separately, SESB secured three orders for data centre projects in Malaysia, covering electrical equipment, low-voltage fit-out panels and building management system panels, respectively.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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