The Buddha defined karma as intention; whether the intention manifested itself in physical, vocal or mental form, it was the intention alone which had a moral character: good, bad or neutral. As one intends and acts, so does one become: one becomes virtuous by virtuous action, and evil by evil action
What a Kon artist Lee. Seeing things blur blur or intentionally chose to ignore.
JAKS RESOURCES ACHIEVES COD FOR ITS’ 50MW SOLAR PV PROJECT UNDER LSS4 • The first to achieve COD for 50MW LSS4 • Additional recurring income source for the next 25 years PETALING JAYA, 21 AUGUST 2023 – JAKS Resources Berhad (“JAKS” or the “Group”), a construction and power utilities group specialising in water and other infrastructure projects and energy development, announced that its wholly-owned subsidiary JAKS Solar Nibong Tebal Sdn. Bhd. had successfully completed and achieved commercial operations date (“COD”) for its 50-megawatt (“MW”) Solar Photovoltaic (“PV”) Project under the large-scale solar 4 programme (“LSS4”). JAKS was one of the successful players that won the bid for the LSS4 project for 50MW capacity tendered by the Energy Commission of Malaysia in March 2021 and will operate under a 25-year concession period until August 2048. JAKS chief executive officer Andy Ang Lam Poah said, “We are pleased to share that JAKS has achieved another important milestone with the successful commercialisation of operations for our 50MW Solar PV Project. Completing the construction approximately 4 months ahead of schedule, we are proud to be the first to complete the 50MW Solar PV Project among the LSS4 recipients.” “The commercialisation of the 50MW Solar PV Project will provide JAKS with a steady stream of income for the next 25 years. Moving forward, we will actively participate in more renewable energy projects which is in line with the global drive to embrace greener energy solutions,” he added https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3377977
And Kon Lee only wrote about LTIP in JAKS forum. A typical conman tried to mislead i3 readers. ********* What Is a Long-Term Incentive Plan? A long-term incentive plan (LTIP) is a company policy that rewards employees for reaching specific goals that lead to increased shareholder value.
In a typical LTIP, the employee, usually an executive, must fulfill various conditions or requirements. In some forms of LTIPs, recipients receive special capped options in addition to stock awards.
Dun be silly!! Its highly affordable. => Everybody only pays less than 10% of amount borrowed and all overdue interest is cancelled .... ... after company goes PN17
Posted by Sslee > 2 days ago | Report Abuse
LSS4 IRR is a poor single digit. With borrowing of RM220 million and at increase interest payment will Jaks Solar Nibong Tebal make any profit?
JAKS Solar Nibong Tebal (JAKS Solar), a wholly-owned subsidiary of JAKS Resources, obtained a RM112.5 million (US$26.5 million) financing facility from AmBank Islamic in March 2022 as part of a multilateral financing facility worth RM220 million (US$51.82 million)
Posted by Johnchew5 > 10 minutes ago | Report Abuse
Case study: JAKS Solar Nibong Tebal’s multilateral financing facility
By Marlena Kareem January 31, 2023
JAKS Solar Nibong Tebal (JAKS Solar), a wholly-owned subsidiary of JAKS Resources, obtained a RM112.5 million (US$26.5 million) financing facility from AmBank Islamic in March 2022 as part of a multilateral financing facility worth RM220 million (US$51.82 million).
AmBank Islamic provided the Islamic portion of the facilities while United Overseas Bank (UOB) provided conventional facilities worth RM125 million (US$29.44 million).
The facilities will fund the development of a 50 MW fourth large-scale solar (LSS4) photovoltaic plant in Seberang Perai Selatan, in the state of Penang in Malaysia in addition to financing working capital requirements.
While JAKS Resources’s principal activity is the construction of power plants, JAKS Solar was incorporated specifically to undertake the development of the LSS4 photovoltaic plant in Penang.
The underlying asset for the multilateral facility is the solar plant which is inherently a sustainable power generation facility. The Islamic facilities in the multilateral financing comprise a Murabahah Tawaruq term financing facility worth RM80 million (US$18.84 million), two bank guarantees worth RM27.5 million (US$6.48 million) combined and a Murabahah Tawaruq cash line facility worth RM5 million (US$1.18 million).
The bank guarantees consist of a RM10 million (US$2.35 million) facility with a complementary term financing facility with a limit of up to RM10 million and a second bank guarantee of RM17.5 million (US$4.12 million) with a Murabahah Tawarruq complementary term financing facility with a limit of up to RM17.5 million.
According to Ng Kit Ho, the senior vice-president of loan markets and debt markets 1 at AmInvestment Bank, the primary challenge faced by the bank in executing the financing facility was the time constraint.
“The time between execution of the power purchase agreement and financials was extremely tight (four months) and was over the festive period,” Ng told ISFI.
According to Albar & Partners, which acted as the legal counsel on behalf of the financiers in this multilateral financing facility, the guarantees required in the facility also posed a challenge.
“Tenaga Nasional, as the off-taker of the power project, would only accept one single performance guarantee for the performance of the borrower under this power project, therefore AmBank Islamic and UOB were required to enter into a fronting arrangement for AmBank Islamic to issue a bank guarantee to UOB as a fronting guarantor, who shall then issue its own conventional bank guarantee to TNB as the performance bond of the power project on behalf of the borrower,” the law firm shared.
While sustainability-linked financing is steadily increasing in popularity as a financing cost-saving mechanism, Ng shared that JAKS Solar had considered sustainability-linked financing but ultimately decided against it.
Listed on Bursa Malaysia’s Main Market, JAKS Resources’s activities also include construction, power, energy and property investment and it is involved in the development of residential and commercial properties. Its principal geographical areas for its operations are located in Malaysia and Vietnam.
Posted by Johnchew5 > 8 minutes ago | Report Abuse
JAKS Solar Nibong Tebal: multilateral financing facility
RM112.5 million (US$26.5 million)
March 2022
Summary of terms and conditions Islamic facilities amount RM112.5 million (US$26.5 million) – Term financing facility RM80 million (US$18.84 million) – Bank guarantees RM27.5 million (US$6.48 million) – Cash line facility worth RM5 million (US$1.18 million) Type of facility Mixture of project finance and working capital facilities. Use of proceeds 1. Working capital requirements 2. Project costs including engineering, procurement, construction and commissioning works, professional fees, land leases and related expenses 3. Prefunding debt service reserve account 4. Financing cost of the facilities during construction 5. Fees and expenses in relation to the facilities Tenor Term financing facility: Up to 16.5 years (inclusive of an 18-month grace period) Cash line facility: On demand Bank guarantees: Up to two years (inclusive of claim period) Profit rate/yield Undisclosed Payment frequency Term financing facility: Monthly Cash line facility: Quarterly/on demand Bank guarantees: Not applicable Legal advisor Albar & Partners Governing law Malaysian law
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Sslee
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Posted by Sslee > 2023-09-17 08:26 | Report Abuse
https://klse.i3investor.com/blogs/Sslee_blog/2019-12-28-story-h1481948233-Food_of_thought_for_the_coming_year_2020_Karma.jsp
What Karma mean?