Malakoff’s Tanjung Bin power plant in Johor
PETALING JAYA: There is upside potential to independent power plant operator Malakoff Corp Bhd
’s share price despite the temporary setback from a fire at the company’s Tanjung Bin power plant located in Pontian, Johor, reported last Thursday and following a power purchase agreement (PPA) announced last Friday.
Analysts believe the market has not really priced in Malakoff’s pipeline of projects coming onstream, which includes mini hydro and waste-to-energy (WTE) plants.
