Bakun project firms in deal to withdraw all claims

PETALING JAYA: The construction companies involved in the building of the Bakun hydroelectric dam project had entered into two agreements which among others facilitated all claims against each other be withdrawn.

The construction of the Bakun hydroelectric dam was undertaken by Malaysia-China Hydro Joint Venture (MCH JV) and was completed more than three years ago. The construction of the project, called CW2, was delayed and there was cost overrun. The contractors also filed counter claims against Sarawak Hydro Sdn Bhd, a Finance Ministry-controlled entity that owned and managed Bakun.