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Kathy Fong writes on Genting, Sime Darby, CAHB, AHin Holdings and Tomisho.

US$68m loan to help TNB unit buy coal mine

TENAGA Nasional Bhd (TNB) said its coal mining unit signed a US$68mil syndicated loan yesterday to help finance the purchase of a coal mine in Indonesia.


Yap Lih Huey writes on Oriental Holdings, Resorts World, Kuala Lumpur Kepong, Integrax and Texchem.

Malakoff buys 90% of SKS Power

INDEPENDENT power producer Malakoff Bhd is buying a 90% stake in SKS Power Sdn Bhd from Northern Power Sdn Bhd for RM835mil cash. The acquisition will enable Malakoff to expand its power generation capacity to 3,595 MW from 1,705 MW now.

TNB posts RM205mil net profit for third quarter

TENAGA Nasional Bhd (TNB) has reported a stronger set of numbers for the third quarter ended May 31 as a result of higher electricity consumption and lower foreign exchange losses. The group's year-to-date results, however, were marginally lower than a year ago despite the higher sales.

Sumitomo wins US$1.3bil SKS Power contract

SKS Power Sdn Bhd has awarded a contract worth US$1.3bil to Japan#039;s Sumitomo Corp to build a 2,100-megawatt coal-fired power plant, industry sources said.

Malakoff to be biggest IPP

INDEPENDENT power producer (IPP) Malakoff Bhd#039;s plan to buy a controlling stake in closely held SKS Power Sdn Bhd has been well received by the investing community.

Genting Sanyen aims to buy more power assets in Asia

GENTING Sanyen Power Sdn Bhd, the power generation division of Genting Bhd, will continue to look out for opportunities to acquire more power assets in India and other parts of Asia.

Mighty Yangtze blocked

B>BEIJING:/BChina blocked the massive Yangtze River yesterday and started to fill a reservoir for the world's biggest hydroelectric project that is a point of national pride.

Siemens confident of securing RM5bil Tanjung Bin contract

SIEMENS Malaysia Sdn Bhd is confident that its unit, Siemens Power Generation Asia Pacific, will secure the RM4.94bil engineering, procurement and construction (EPC) contract for the coal-fired power plant in Tanjung Bin, near Johor Baru.