Monday, June 13, 2011

Malakoff unit to build 1,000MW coal-fired plant

KUALA LUMPUR: Malakoff Corporation Bhd's unit Transpool Sdn Bhd is set to build a 1,000MW coal-fired plant to be situated adjoining the existing Tanjung Bin power plant after it accepted a conditional offer made by the government.

In a filing Monday, June 13, MMC Corporation said the project involved the design, supply, CONSTRUCTION [], commissioning, operation and maintenance of a 1,000MW coal-fired power plant on a build, own and operate basis with an expected commercial operation date of March 1, 2016.

Malakoff is MMC Corp's 51%-owned subsidiary, whose unit Tanjung Bin Power Sdn Bhd owns the Tanjung Bin power plant.

MMC Corp said among the conditions in the offer by the government via the Energy Commission were the finalisation of the terms of the agreements relating to the project; and the approval of the detailed environmental impact assessment from the Department of Environment Malaysia.

'MMC Corp will make the appropriate announcement to Bursa Malaysia as and when there is a material development in relation to the project,' it said.

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