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Final part of power plant to help MMC reap benefits
MMC Corp Bhd will reap the full benefits of its investments when the final part of its Tanjung Bin power plant is commissioned by end-August, and on completion of its privatisation of associate company Malakoff Bhd at about the same time.
SEV to save RM930m via issuance of PDS
Independent power producer (IPP) Segari Energy Ventures Sdn Bhd (SEV) expects substantial savings from its issuance of RM930mil of I>sukuk ijarah /I>or Islamic private debt securities (PDS).
Malakoff set to boost capacity
Malakoff Bhd expects phase one of its Tanjung Bin power plant in Johor to produce 700 megawatts (MW) when ready by end-August, said managing director Ahmad Jauhari Yahya.
Introduction of sprint events attracts more entries
The first round of the Malakoff Malaysian Duathlon Series (MMDS) starts today at the Dataran Merdeka with a record number of participants.
TNB-Malakoff sole bidder for Saudi project
TENAGA Nasional Bhd (TNB) and Malakoff Bhd have emerged as the sole joint bidder for a US$2.3bil power and water-desalination plant in Saudi Arabia after their rivals were refused additional time to bid for the project.
Malakoff plans maximum payout
MALAKOFF Bhd will try to maximise dividend payout without compromising growth. Managing director Ahmad Jauhari Yahya said although the group did not have a #8220;clear cut#8221; dividend policy, Malakoff would try to return as much profit as possible to shareholders so long as such payment would not affect the group's expansion.
Tanjung Bin project slightly ahead of schedule
The construction of Asia's largest coal-fired power plant Tanjung Bin is progressing slightly ahead of sch-edule with 55% of the work completed.
Local material used in Prai power plant
PRAI Power Sdn Bhd (PPSB), a wholly owned subsidiary of Malakoff Bhd, sourced a 'substantial portion' of the 'contents' locally for use in its RM980mil power plant in Prai Industrial Estate.
Malakoff to buy assets abroad
MALAKOFF Bhd is looking to buy power assets abroad as it would soon have a sizeable chunk of Malaysia's power generation capacity.
TNB signs pact to conclude Kapar Deal
TENAGA Nasional Bhd (TNB) signed yesterday the final stage of an agreement to divest the Sultan Salahuddin Abdul Aziz Power Station to Malakoff Bhd.
