We refer to the abovementioned article which appeared on page A8, Business News section of Nanyang Siang Pau newspaper, on Tuesday, 29 September 2015 which had mentioned, amongst others, that according to sources, the Energy Commission (“EC”) has extended the PPA of 3 IPPs for 3 to 4 years at a rate which is lower than the previous PPA. PD Power (defined herein) has been named as one of the three IPPs in the said article.
Malakoff Corporation Berhad (“Malakoff” or the Company”) wishes to inform that Port Dickson Power Berhad (“PD Power”), its indirect wholly-owned subsidiary, had on 13 April 2015 submitted a bid to the EC for its participation in a restricted invitation to bid for renewal of the operation of its Port Dickson Power plant (“PDPP”) for short term generation capacity (“Bid”) in view of the impending expiration of the initial concession period of PDPP on 21 January 2016.
The Company wishes to clarify that to date, neither Malakoff nor PD Power has been notified by the EC on the outcome of the Bid.
Malakoff will make the appropriate announcement to Bursa Malaysia Securities Berhad as and when there is a material development in relation thereof.
Malakoff (Outperform, TP: RM2.18): Says PD Power awaiting EC nod. Independent power producer Malakoff and its indirect unit, Port Dickson Power are still awaiting the Energy Commission’s (EC) decision to renew its power supply deal. Malakoff said that PD Power had on April 13 submitted a bid to the EC to take part in a restricted invitation to bid for the renewal of its operation for short-term generation capacity. “The company wishes to clarify that to date, neither Malakoff nor PD Power has been notified by the EC on the outcome of the bid,” it said. (StarBiz)
YTLPower's pain, Malakoff's gain?? Refer news from The Star below:
KUALA LUMPUR: Tenaga Nasional Bhd says the 21-year power purchase agreement with YTL Power Generation Sdn Bhd has expired on Sept 30, 2015.
The power giant said on Monday that following the expiry of the PPA – which was signed on March 31, 1993 -- YTL no longer exports power to the grid effective from Oct 1, 2015.
“Concurrently, a leasing agreement which YTL entered into with Tenaga Nasional to lease the latter’s land in Pakka, Terengganu and Pasir Gudang, Johor to build its power stations was also affected,” said Tenaga.
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....
Beza
1,847 posts
Posted by Beza > 2015-09-15 10:17 | Report Abuse
Gov Fund.
200亿如何救1.5兆的股市?一天马股总成交值在一、两亿间,200亿政府自己玩也可以玩百多、两百天吧。
外资用182亿令吉,把klci指数从1400点推高到1880点。那么现在200亿令吉,按照数学逻辑,应该可以把klci推高到2000点吧,