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Intense lobbying has stalled decision-making for the 2,000MW coal-fired power plant under Project 3B
THE unprecedented delay in the award of the multi-billion-ringgit 2,000MW coal-fired power plant under Project 3B underlines the intense politicking involved in the decision-making process.
PETALING JAYA: Mudajaya Group Bhd, which has carved a niche for itself as builder of power plants in the country, is touted to be the prime beneficiary from the award of the 2,000 MW power plant contract to the joint venture of 1Malaysia Development Bhd-Mitsui Co Ltd.
THIS is turning out to be an interesting time for the power sector in the country following the cancellation of four independent power producer (IPP) projects by the government.
SHARES of YTL Power International Bhd tracked higher on the back of positive news that the group has been shortlisted to bid for Singapore’s fifth water desalination plant that could benefit it in terms of attractive returns and a lower risk venture if the company wins the bid.
KUALA LUMPUR: YTL Power International Bhd is embarking on a US$2.7bil (RM11.6bil) 1,320MW coal-fired power plant project in Cirebon, West Java - its second investment into Indonesia.
Due to an increasing need for financiers to understand trends, technologies and opportunities in emerging industries like power generation, an international financial forum for the power generation industry will make its debut in Kuala Lumpur in September.
KUALA LUMPUR: Melewar Industrial Group Bhd's (MIG) unit is selling its 51% stake in MPerial Power Ltd - which is the major shareholder in loss-making Siam Power Generation Public Company Ltd -- for US$11mil (about RM36mil).
PETALING JAYA: Genting Bhd has completed the disposal of its 724MW coal-fired power plant in Fujian, China for 694 million yuan (RM355.3mil).