TNB confirms Chugoku has 15% stake in Jimah

PETALING JAYA: Tenaga Nasional Bhd (TNB) has confirmed that Japanese utility company Chugoku Electric Power Co Inc has taken up a 15% stake in Jimah East Power Sdn Bhd (JEP), the special-purpose vehicle (SPV) to develop the RM11.7bil, 2,000MW coal-fired plant in Port Dickson codenamed Project 3B.

The 15% stake was transferred from Japanese conglomerate Mitsui & Co Ltd’s share in JEP, which had been 30% prior to the transfer, to Chugoku’s SPV Chugoku Electric Power International Netherlands BV.