Malaysia's Sarawak Cable wins state contracts worth $197 million

Reuters

Kuala Lumpur, Oct 29 (Reuters) - Malaysia's Sarawak CableBerhad said on Tuesday that a wholly owned unit of thefirm has won two contracts worth a total of 618.6 millionringgit ($197.29 million) to build power transmission lines inthe eastern state of Sarawak.

The contracts, awarded by state-owned Sarawak Energy Berhad,were won by Trenegy Infrastructure Sdn Bhd, the firm said in astock exchange filing.

Mahmud Abu Bekir Taib, the son of long-serving Sarawak statechief minister Abdul Taib Mahmud, owns 20.69 percent of SarawakCable. State-owned Sarawak Energy, meanwhile, owns 18.75 percentof the firm.

($1 = 3.1355 Malaysian ringgits) (Reporting By Siva Sithraputhran; editing by Tom Pfeiffer)

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