By Sharen Kaur
sharen@nstp.com.my
Published in NST on June 17 2011
A consortium led by Alstom Asia, the world's third largest power-equipment maker, is poised to win a contract worth as much as RM5 billion to help build a power plant in Johor, people familiar with the matter said yesterday.
The contract is for engineering, procurement and construction (EPC) works for the 1,000 megawatts (MW) Tanjung Bin coal-fired power plant.
Malakoff Corp Bhd's unit, Transpool Sdn Bhd, recently accepted a conditional offer made by the government to build the plant adjoining the existing Tanjung Bin power plant.
Malakoff is MMC Corp Bhd's 51 per cent owned subsidiary, whose unit, Tanjung Bin Power Sdn Bhd, owns the Tanjung Bin power plant.
It is understood that the consortium, which also includes Mudajaya Group Bhd and Eversendai Corp Bhd, beat Toshiba Corp, the biggest Japanese maker for power generation machinery, and a South Korean-led consortium to be the frontrunner.
Toshiba and the South Korean consortium were not shortlisted as they failed to meet some of the technical requirements.
When contacted by Business Times, Alstom country president Saji Raghavan said it had been given exclusivity to work on the EPC contract by Malakoff.
"We are in discussions with Malakoff on the terms and conditions and pricing. We hope to finalise everything by the end of this year," Saji said.
The consortium is set to start work in March next year and complete the project in four years. The commercial operation of the plant is expected to be on March 1 2016.
Saji said Alstom will be the technical leader in the project and provide all the necessary equipment.
Eversendai will undertake structural steel and mechanical erection works, while Mudajaya will do the civil portion.
Eversendai group managing director Datuk A.K. Nathan said the company is looking forward to participate in the project once the details are finalised.
sharen@nstp.com.my
Published in NST on June 17 2011
A consortium led by Alstom Asia, the world's third largest power-equipment maker, is poised to win a contract worth as much as RM5 billion to help build a power plant in Johor, people familiar with the matter said yesterday.
The contract is for engineering, procurement and construction (EPC) works for the 1,000 megawatts (MW) Tanjung Bin coal-fired power plant.
Malakoff Corp Bhd's unit, Transpool Sdn Bhd, recently accepted a conditional offer made by the government to build the plant adjoining the existing Tanjung Bin power plant.
Malakoff is MMC Corp Bhd's 51 per cent owned subsidiary, whose unit, Tanjung Bin Power Sdn Bhd, owns the Tanjung Bin power plant.
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Toshiba and the South Korean consortium were not shortlisted as they failed to meet some of the technical requirements.
When contacted by Business Times, Alstom country president Saji Raghavan said it had been given exclusivity to work on the EPC contract by Malakoff.
"We are in discussions with Malakoff on the terms and conditions and pricing. We hope to finalise everything by the end of this year," Saji said.
The consortium is set to start work in March next year and complete the project in four years. The commercial operation of the plant is expected to be on March 1 2016.
Saji said Alstom will be the technical leader in the project and provide all the necessary equipment.
Eversendai will undertake structural steel and mechanical erection works, while Mudajaya will do the civil portion.
Eversendai group managing director Datuk A.K. Nathan said the company is looking forward to participate in the project once the details are finalised.
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