Tenaga to open bids for new power plant

Tenaga to open bids for new power plant

KUALA LUMPUR: Malaysian power utility Tenaga Nasional Bhd. plans to call for bids to construct a 150-megawatt power plant in eastern Sabah state estimated to cost one billion ringgit (US$263 million), a report said on Sunday.

The Edge financial newspaper said the power plant would increase the utility's capacity to 300 megawatts.

The planned open tender for the Sabah power plant would be a significant departure from past practices when the government issued licenses to influential individuals to build power plants and supply power to Tenaga, it said.

Industry players said the tender was already attracting local and foreign players, the newspaper reported. -- AFP