SAMART Joins a Consortium for the Construction of Underground Substation Worth ฿780m!

SAMART has been awarded the construction of underground substation from MEA worth 780 million baht.

Samart Corporation Public Company Limited (SAMART) has announced that TEDA Co., Ltd., a subsidiary of SAMART which is indirect 94.35% stakeholding held by Samart U-Trans Co., Ltd., has signed the Consortium Agreement with Sinohydro (Thailand) Co., Ltd. under the name of “THE CONSORTIUM OF TEDA-STC” in the proportion TEDA 43.86 %: STC 56.14%.

THE CONSORTIUM OF TEDA-STC has received the letter of award of a contract with Metropolitan Electricity Authority (MEA) for construction of Klong Toey Underground Substation on September 24, 2019. The scheduled completion date of this construction will be within June 16, 2022. The total value of the contract is 779,589,160 baht (Including VAT) in the proportion of contract value are as follows:

TEDA Co., Ltd. Contract Value Baht 341,960,711.90

Sinohydro (Thailand) Co., Ltd. Contract Value Baht 437,628,448.10