Malaysian firms to build power plant<\/p>\n
KUALA LUMPUR (AFP): Malaysian power giant Tenaga Nasional
\nBhd's unit will spend six billion ringgit (US$2.4 billion) to buy
\nreclaimed land and build a power plant and a coal yard, news
\nreports said yesterday.<\/p>\n
Tenaga's unit -- TNB Janamanjung Sdn. Bhd. -- will raise most
\nof the funds to buy the 800 acres of land off central Perak state
\nand build the plant and coal yard, Ahmad Tajuddin Ali, the
\nexecutive chairman of Tenaga<\/p>\n
\"We are now looking at the best financial arrangement...
\nthrough equity but mostly through direct financing,\" Tajuddin,
\nwho is also TNB Janamanjung chairman, was quoted as saying by the
\nBusiness Times.<\/p>\n
Officials said the reclamation is expected to start next year
\nand end by 2002. The 2,000-megawatt coal-fired power plant and
\ncoal yard will be built during the reclamation.<\/p>\n
Janamanjung had late Friday signed a memorandum of
\nunderstanding with Desa Kilat Sdn. Bhd. to buy 320 hectares of
\nland to be reclaimed by Desa.<\/p>\n
Janamanjung had also signed a memorandum of agreement with
\nLekir Bulk Terminal Sdn. Bhd. for coal-handling services.<\/p>\n
Under this pact, Jamananjung will be able to import coal and
\nfuel, via a jetty to be built and owned by Lekir.<\/p>\n
Tajuddin said Janamanjung is scheduled to sign an agreement
\nwith Tenaga in June or July whereby Tenaga will buy electricity
\nfrom the new plant.<\/p>\n
There are now five independent power producers -- Port Dickson
\nPower Sdn. Bhd., YTL Power Generation Sdn. Bhd., Powertek Bhd.,
\nGenting Sanyen Power Sdn. Bhd., and Segari Energy Ventures Sdn.
\nBhd. Together they account for 30 percent of the country's
\nelectricity.<\/p>\n
Lekir officials said the reclamation project will cover 20,000
\nacres of reclaimed land off Perak state. It is expected to be
\ndeveloped within 15 to 20 years. They did not say how much the
\nreclamation would cost or how it would be funded.<\/p>\n
Desa Kilat is a joint venture led by listed Malakoff Bhd which
\nhas a 54 percent stake. Perbadanan Kemajuan Negeri Perak and
\nHalim Rasip Holdings Sdn. Bhd. have a combined 26 percent stake
\nand Gantan Sakti Sdn. Bhd, 20 percent.<\/p>\n
Lekir is a consortium with the same partners but different
\nequity. Perbandanan Kemajuan Negeri Perak and Halim Rasip have a
\ncombined 51 percent stake, Malakoff 29 percent and Gantang 20
\npercent.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/malaysian-firms-to-build-power-plant-1447893297",
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