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Gamuda signs deal to develop hydro project in Laos

CIVIL engineering group Gamuda Bhd has proposed to develop a 400MW hydro-electric power plant in Laos to produce electricity for sale to Thailand.

Lion group to invest US$2.7bil over the next 10 years

THE Lion group intends to invest US$2.7bil over the next 10 years to expand its core businesses both at home and abroad, with a big chunk going to China, said its chairman Tan Sri William Cheng.

Genting, Sime Darby in bid for Aussie power plant

GENTING Bhd and Sime Darby Bhd are among bidders for a A$630mil stake in Yallourn Energy, an Australian power plant owned by CLP Holdings Ltd, people familiar with the transaction said.

Malakoff spends RM300m on plant

MALAKOFF Bhd, which owns 90% stakes in the Tanjung Bin power plant, has spent about RM300mil on ground levelling works and temporary buildings to house site office and stores for the country's largest and first coal-fired power station.

Communist rebels attack power plant

About 50 Philippine communist rebels launched a pre-dawn raid on a power plant yesterday, killing three soldiers and wounding seven before they were driven off, officials said.

Genting game for more acquisitions

THE fog that often obscures the view from Genting Bhd's self-styled 'City of Entertainment' 1,800 metres above the steamy jungles of Pahang does not apparently blur its vision of where it is headed. If the announcement this month of the issue of US$300mil worth of five-year exchangeable notes is any indication of the future, the group's global aspirations appear to be clearer than ever before.

RM4.4b for TNB from stake sales

Tenaga Nasional Bhd (TNB) would have close to RM4.5bil in its coffers by the middle of next year from the sale of its minority stakes in independent power producers (IPPs), and that would be more than adequate to meet the company's RM1bil debt repayment commitment for the financial year ending Aug 31, 2004.

Genting notes issue fully subscribed after book-building

GENTING Bhd's proposed US$250mil five-year exchangeable notes as well as US$50mil additional notes issues have been fully subscribed following the completion of a book-building exercise on Dec 5, the company said in a statement to the KLSE Monday.

Yu Neh Huat to grow market share by 20%

MENTION any recent housing scheme in the Manjung district in Perak and chances are that the Yu Neh Huat Bhd (YNHB) group has a hand in its development.

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