Read more at https://www.thestar.com.my/business/business-news/2018/07/31/tadmax-worldwide-team-up-for-power-plant-project/#yAVWCOUlBX0LLRsP.99
Read more at https://www.thestar.com.my/business/business-news/2018/07/31/tadmax-worldwide-team-up-for-power-plant-project/#yAVWCOUlBX0LLRsP.99
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https://www.thestar.com.my/business/business-news/2018/07/16/tadmax-ranhill-shares-under-pressure/
Apart from these players, Tadmax was directly awarded a 1,000MW combined-cycle gas turbine plant on its Pulau Indah land in August 2016.
Tadmax lacked a track record in developing power plants and subsequently tied up with South Korea’s state-owned company, Korea Electric Power Corp.
Early this year, Ranhill announced that it had received a conditional letter of offer from the EC to develop a power plant in Sandakan, Sabah, for the development of a 300MW combined-cycle gas turbine plant.
CIMB Research sees risk for power generators, particularly those with expiring power purchase agreement (PPA) or upcoming plants. Power plants with PPAs expiring in the near term might not get an extension due to the excess power reserve, in our view.
“For upcoming generation capacity, we see risk in Tadmax Resources’s 1,000MW power plant project awarded by the Energy Commission (EC) on a direct negotiation basis in 2016,” it said in a report.
Read more at https://www.thestar.com.my/business/business-news/2018/07/16/tadmax-ranhill-shares-under-pressure/#G2gHhc2WGS1vG4JA.99
Last Thursday, the Energy, Green Technology, Science and Climate Change Minister Yeo Bee Yin said the ministry had cancelled four IPP contracts that were awarded under the previous administration,
