The Star 3/8/2010
PETALING JAYA: KYM Holdings Bhd has mutually agreed with Harta Makmur Sdn Bhd and Vale Malaysia Manufacturing Sdn Bhd to extend the cut-off date for a sale and purchase agreement (SPA) involving 13 parcels of leasehold properties to Aug 31.
In a filing with Bursa Malaysia yesterday, KYM said the parties had signed a conditional SPA on March 31 pursuant to Vale exercising its option to purchase the properties, totalling 305.94ha, from KYM’s 54%-owned unit Harta Makmur for RM93.76mil cash.
Harta Makmur last year sold 485.6ha of leasehold land in Teluk Rubiah to Vale for RM195.7mil.
In a separate statement, KYM said its wholly-owned unit KYM Built Sdn Bhd had on July 29 accepted a contract from Vale Malaysia for the refurbishment of a building for the use as a site office and upgrading of the main entrance at Teluk Rubiah, Perak for RM300,265.
“The contract is expected to commence next week and will be completed within a month.
“None of the directors or major shareholders or persons connected to the directors or major shareholders of KYM has any direct or indirect interest in the award of contract,” it said.
Showing posts with label Manjung. Show all posts
Showing posts with label Manjung. Show all posts
Wednesday, August 4, 2010
Friday, July 9, 2010
Power plant upgrades in the works
Dated 16 June 2010.
Business Times
The Energy Commission will soon call for bids to upgrade existing power plants in Peninsular Malaysia for use from 2015 onwards.
"Malaysia's power consumption increases by 3 per cent every year.
By 2015, we'll need 800 megawatts (MW) more power and
by 2017, a further 1,000MW,"
said Energy, Green Technology and Water Minister Datuk Seri Peter Chin Fah Kui."If we don't plant up, we'll face brownouts," he told Business Times in Kuala Lumpur yesterday. Brownouts refer to the drop in voltage in electrical power supply.Malaysia's electricity reserve margin could fall below the 20 per cent threshold if there are no efforts made to boost production capacity.The future power supply in the peninsula is at risk after it was confirmed that electricity from the Bakun hydroelectric plant in Sarawak will only be used to meet the state's power needs.
Malaysia now has an installed capacity of 22,000MW.
It was reported that MMC Corp Bhd is keen to spend as much as US$1 billion (RM3.26 billion) to expand its 2,100MW Tanjung Bin power plant by another 800MW.
Similarly, Tenaga Nasional Bhd is seeking to raise capacity of its Manjung facility by 2,000MW from its current 2,100MW, at an estimated cost of between RM6 billion and RM7 billion. (USD1.84b to USD2.15b)
Under the 10th Malaysia Plan (2011 to 2015), the government plans two power plant upgrades in Peninsular Malaysia and construction of a new one in Lahad Datu in Sabah.
"So far, power plant operators in Perak, Negri Sembilan and Johor have indicated their interest to expand capacity," Chin said.
"We're only planning for two here, so we'll call for bids. The Energy Commission will make the necessary preparation," he added.
(Blogger's query: So where will the two upgrades be located? Manjung, Tg Bin, or NS?)
Business Times
The Energy Commission will soon call for bids to upgrade existing power plants in Peninsular Malaysia for use from 2015 onwards.
"Malaysia's power consumption increases by 3 per cent every year.
By 2015, we'll need 800 megawatts (MW) more power and
by 2017, a further 1,000MW,"
said Energy, Green Technology and Water Minister Datuk Seri Peter Chin Fah Kui."If we don't plant up, we'll face brownouts," he told Business Times in Kuala Lumpur yesterday. Brownouts refer to the drop in voltage in electrical power supply.Malaysia's electricity reserve margin could fall below the 20 per cent threshold if there are no efforts made to boost production capacity.The future power supply in the peninsula is at risk after it was confirmed that electricity from the Bakun hydroelectric plant in Sarawak will only be used to meet the state's power needs.
Malaysia now has an installed capacity of 22,000MW.
It was reported that MMC Corp Bhd is keen to spend as much as US$1 billion (RM3.26 billion) to expand its 2,100MW Tanjung Bin power plant by another 800MW.
Similarly, Tenaga Nasional Bhd is seeking to raise capacity of its Manjung facility by 2,000MW from its current 2,100MW, at an estimated cost of between RM6 billion and RM7 billion. (USD1.84b to USD2.15b)
Under the 10th Malaysia Plan (2011 to 2015), the government plans two power plant upgrades in Peninsular Malaysia and construction of a new one in Lahad Datu in Sabah.
"So far, power plant operators in Perak, Negri Sembilan and Johor have indicated their interest to expand capacity," Chin said.
"We're only planning for two here, so we'll call for bids. The Energy Commission will make the necessary preparation," he added.
(Blogger's query: So where will the two upgrades be located? Manjung, Tg Bin, or NS?)
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