PEC bags $64 million in new contracts

One is its largest E&I contract to-date.

Singapore-listed specialist engineering group PEC Ltd. announced that its Thai associate was awarded a contract to provide electrical and instrumentation (E&I) works for a world-class liquefied natural gas (LNG) project in Australia; it is the Group’s single largest E&I contract to-date. Other contracts include an EPC project for tank modification and storage and handling facilities for a major refinery in Singapore

PEC said these "milestone contracts" with STP&I Public Company Limited and Sino-Thai Engineering & Construction Public Company Limited for the supply and installation of E&I works related to a mega LNG project in Australia. The E&I works will be carried out on the modules in Thailand and they will be shipped to Australia for site erection. The project is scheduled to be completed by December 2015. 

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The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.
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