Jimah power plant valued at RM2.4bil

Good news: (From left) Deputy Energy, Green Technology and Water Minister Datuk Seri Mahdzir Khalid, Dr Maximus and secretarygeneral Datuk Loo Took Gee during the announcement of the reduction in Putrajaya.

THE 2,000 MW coal-fired power plant in Jimah, Port Dickson which is 70% owned by Tenaga Nasional Bhd (TNB), is now worth an estimated US$562mil (RM2.4bil).

Japan’s Chugoku Electric Power reportedly would buy a 15% stake in Project 3B, for 10 billion yen (US$84.3mil) from Mitsui & Co Ltd, which currently owns a 30% stake.