Malaysian firm gets $200m contract in Sri Lanka

KUALA LUMPUR: KNM GROUP BHD has landed a conditional US$200 million (RM638 million) contract to build a waste to energy plant in Sri Lanka from OCTAGON CONSOLIDATED BHD’s subsidiary Orizon Renewable Energy (Private) Ltd (ORE).

It said on Tuesday, Oct 11 that its subsidiary KNM Process Systems Sdn Bhd had been awarded the contract to build the plant capacity to process up to 1,000 tons per day of municipal solid waste for generation of a minimum of 40 MW of gross electrical energy in Karadiyana, Thumbowila, Kesbewa, Colombo.

It said the conditional award was subject to among others, the signing of a definitive agreement, based on terms and conditions acceptable to the parties including the financiers of the project by December 2011.