Advancecon Holdings Bhd (Advancecon) has secured a RM45.48 million contract from Petros Power Sdn Bhd (Petros Power) for the development of Package 1 Earthworks for a power plant project in Sarawak, Malaysia. Works on the Miri Combined Cycle Gas Turbine (MCCGT) Power Plant Project is expected to commence in August 2023 and be completed within twelve months.

The 400 MW MCCGT project will be funded through internally generated funds and external borrowings. Once completed, it will stabilise gas and clean supply energy under the Sarawak gas roadmap (SGR).