Published in NST on May 5 2010
BUILDER Loh & Loh Corp Bhd will focus its resources on water and energy projects like building hydroelectric dams for renewable energy, having bid for RM1.5 billion worth of jobs.
Chief executive officer Jason Loh said it wants to build hydro dams, which are more sustainable.
"Hydro dams, which are economically viable will become more popular as oil price increases. We are looking at several hydro projects in Malaysia," he told Business Times.
Loh & Loh and its Chinese partner Sinohydro Corp Ltd have a letter of intent for civil works worth RM828 million for the Hulu Terengganu hydroelectric project awarded in March this year by Tenaga Nasional Bhd.
It is believed that the joint venture is expected to get the letter of award for the project in August.
This will be Loh & Loh's maiden hydro dam project. It has built 15 dams in the past to retain water.
"We are focused in water (projects), which is our bread and butter. People know we are serious players but we believe energy will be a way forward for Loh & Loh," he said.
Loh said the company is also bidding for road, bridges and earthworks.
"I am bullish on the construction sector. There are signs of recovery every where. We have studied India, China and the Middle East but we think there is more to do here. We expect the government to announce several mega projects in the Tenth Malaysia Plan (2011-2015)," Loh said.
Loh said the company may stand to get several jobs as it has the competitive edge.
"As a company, we are the most complete. We have wholly-owned subsidiaries involved in mechanical and engineering, civil, operation and maintenance.
That is why we can do design and build projects. Our strength is our years of experience," Loh said.
The company is also looking to build its niche to rehabilitate and upgrade water treatment plants.
Loh & Loh is one of the pioneers in Malaysia in this field, having rehabilitated five plants in the past.
-ENDS-
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