Thursday, October 27, 2011

Tenaga to build RM388m plant for MAHB at KLIA2

KUALA LUMPUR: TENAGA NASIONAL BHD [] will build a 132kV sub-station and a district cooling plant for RM388 million at the Kuala Lumpur International Airport's new low cost carrier terminal (KLIA2) for Malaysia Airports Holdings Bhd (MAHB).

The companies said on Thursday, Oct 27 the klia2 generation plant project would be under a build-operate-transfer model for a concession period of up to 20 years.

Tenaga's unit Airport Cooling Energy Supply Sdn Bhd ' the concessionaire for the project -- had signed the concession agreement with MAHB for the sub-station and plant to supply chilled water and electricity and associated works at KLIA2.

The total project cost is about RM388 million and funded through external borrowings by the concessionaire (80% of the total project cost) and the balance shareholders equity.

They said the klia2 generation plant shall supply energy cooling to klia2 core facilities comprising the terminal building measuring 250,000 sq meters of covered area and for the klia2 private facilities at the integrated complex, with other possible customers within the vicinity.

Under the terms of the agreements, Tenaga shall have a 77% stake and MAHB 23% in Airport Cooling Energy Supply.

Within 60 days from the date of the concession agreement, the Airport Cooling Energy Supply would allot shares to MAHB and Tenaga at a subscription price of RM21.9 million and RM77.3 million respectively.

No comments:

Post a Comment