Mon, 30 Apr 2007
From:
KUALA LUMPUR (AP): Malaysia's Zelan Holdings is bidding for another 2 billion ringgit (US$571 million, euro476 million) power plant project in Indonesia as well as one in Botswana in southernAfrica, a report said Sunday.

In February, a Zelan-led consortium won a 2.12 billion ringgit (US$606 million; euro505 million) project to build a coal-fired power plant in Rembang in the Indonesian province of Java.

Zelan chief executive Albert Chang was quoted by The Edge Daily as saying that the company has tied up with China's Dongfong Electric Corp. to bid for a second 600 megawatt power project at Tanjung Jati, also in Java.

Zelan and state-owned Dongfong, which is one of top three turbine producers in China, are also jointly bidding for a 1,200 megawatt power project in Botswana, he said in the report.

The Rembang and Tanjung Jati projects are part of the Indonesian government's program to build more plants that has attracted bids from established Korean, Chinese and Japanese consortiums, the report said.

Chang was quoted by The Star as saying that Zelan viewed Indonesia as an exciting market, with at least 10 new plants with a combined capacity of 7,000 megawatts to be built in Java this year. Five of the projects, including the one in Rembang, have been awarded, he said.

Indonesia is also planning another 25 new power projects outside Java this year, with total capacity of about 10,000 megawatts, he said in the report.

Chang said the Zelan group, which is involved in construction, manufacturing and property, has a current order book of 5 billion ringgit (US$1.4 billion; euro1.2 billion), 80 percent of whichinvolved overseas work including two infrastructure projects in Saudi Arabia.

No other details were available. Zelan officials could not be reached Sunday for comments. (**)



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