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Monday, June 25, 2007

TNB-LedConsortium Gets Approval For IPP Project In Sabah

KUALA LUMPUR, June 25 (Bernama) -- Tenaga Nasional Bhd (TNB) has won government approval for the proposed 300-megawatt coal-fired independent power producer project at Lahad Datu in Sabah.In a filing with Bursa Malaysia, TNB said the project will be carried out by a consortium where its wholly-owned unit, TNB Repair and Maintenance Sdn Bhd, has a 51 percent stake.The other consortium members are Eden-Nova (35 percent stake) and Maser (14 percent).The consortium's interest in the project is 80 percent, with the remaining held by Yayasan Sabah.The details with regard to the project will be discussed among the consortium members and will be announced in due course, it said.
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