Press Release

PIC signs O&M Technical Support Agreement for 100MW Sarangani Plant in the Philippines

Kuala Lumpur, Malaysia (February 7, 2012) –  PIC Group, Inc. is pleased to announce that it has entered into a Management and Technical Services agreement with ACES Technical Services Corporation, a subsidiary of Alsons Corporation, for operations and maintenance of the 100 megawatt coal-fired Sarangani power station located in Maasim, Sarangani, Philippines.

The seven year contract includes mobilization and long term operations and maintenance of the greenfield project scheduled for commercial operations in 2014.  

“PIC is delighted to be partnering with ACES on the Sarangani Energy Project,” says Willie Low, Executive Director of PIC Asia Pacific Sdn. Bhd.  “We have been performing work in the Philippines for years and this project only reaffirms PIC’s long term commitment to the country’s power sector.”

PIC Asia Pacific Sdn. Bhd. is a subsidiary of PIC Group Inc.  With offices located in Kuala Lumpur and Manila, PIC Asia Pacific has been supporting the region’s power generation business for over 18 years. For more information about PIC Asia Pacific, visit www.picworld.com.my.

Jessica Parvin Tate
Marketing Communications Manager
Direct: 678.627.4127
Cell: 850.225.6878
Fax: 678.627.4227