September 22, 2017 7:25 PM ET

Construction and Engineering

Company Overview of Industrial Power Technology Pte Ltd.

Company Overview

Industrial Power Technology Pte Ltd. engages in the construction and development of power plant projects. The company was incorporated in 1990 and is based in Singapore. Industrial Power Technology Pte Ltd. is a former subsidiary of Annica Holdings Limited.

No. 38 Kallang Place

Singapore,  339166

Singapore

Founded in 1990

Phone:

65 6291 7861

Fax:

65 6291 4985

Key Executives for Industrial Power Technology Pte Ltd.

Industrial Power Technology Pte Ltd. does not have any Key Executives recorded.

Industrial Power Technology Pte Ltd. Key Developments

Industrial Power Technology Announces Receipt of Writ of Summons

Annica Holdings Limited announced that an action against one of its subsidiaries, Industrial Power Technology Pte Ltd. (IPT), has been commenced by Szetech Engineering Sdn Bhd (Szetech) in the Sessions Court in Kuala Lumpur. The writ of summons in relation to the action was served on IPT on 11 January 2016. Szetech has alleged that there are outstanding invoices owed by IPT for work done between December 2013 and January 2015 pursuant to an agreement relating to the 'Design, Supply, Installation, Testing and Commissioning of EFB Fuel Preparation Plant for the 10MW (net) Jengka Biomass Power Project' and is seeking damages in the sum of MYR 630,275. The Company and IPT have engaged Szetech in negotiation talks in view of an amicable settlement of the situation. The Company also intends to seek legal advice on the matter.

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