Friday, July 1, 2011

Petronas Gas in JV to operate, maintain Kimanis power plant

KUALA LUMPUR: PETRONAS GAS BHD [] has inked a shareholders' agreement with NRG Consortium (Sabah) Sdn Bhd (NRG) to provide operation and maintenance services to a 300-Megawatt gas power plant and its related facilities and infrastructure in Kimanis, Kota Kinabalu.

It said on Friday, July 1 that the service would be provided through a joint venture company.

NRG is a wholly owned subsidiary of Innoprise Corporation Sdn. Bhd. (ICSB), which in turn is a unit of Yayasan Sabah.

Under the agreement, Petronas Gas will hold 60% in the JV while NRG will hold the remaining 40%.

No comments:

Post a Comment