Tadmax unaware of job termination


 Tadmax said in a stock exchange filing that it was not aware of the alleged development and that the news report had no basis.

Tadmax said in a stock exchange filing that it was not aware of the alleged development and that the news report had no basis.

PETALING JAYA: Tadmax Resources Bhd has refuted a news report that the government has cancelled its power plant project in Pulah Indah, Selangor.

A report by a business weekly cited a source as saying that the 1,000MW to 1,200MW power plant was the latest in a series of independent power producer contracts terminated by the Pakatan Harapan government during its review of infrastructure projects.

However, Tadmax said in a stock exchange filing that it was not aware of the alleged development and that the news report had no basis.

“Further, Tadmax wishes to notify that to date, it has complied with all the requirements of all relevant government agencies and has not received any notifications of termination,” it said.

“Tadmax will make the appropriate announcement for immediate public release in a timely manner, upon further material development on the power plant project,” it added.

 

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