Federal clinches contracts worth $10 mil for trading business and land rig charter

SINGAPORE (Sept 6): Federal International (2000) Limited, an integrated service provider and procurement specialist in the oil and gas, energy, utilities and infrastructure industries, announced that its wholly-owned subsidiaries, Federal Hardware Engineering and PT Federal International, have won two contracts amounting to a total of approximately US$7.3 million ($10 million) from customers based in Indonesia.

The first contract was awarded by PT ATA Energi, a renewable energy supplier, appointing the group as its procurement agent to supply energy storage systems.

These systems will smoothen the intermittency of renewable energies, and optimise energy consumption by integrating battery modules. It will monitor its operation and prevent the battery from operating outside the design limitations.

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