Malaysia's TNB wins 3 billion rgt power plant contract

KUALA LUMPUR, Oct 9 (Reuters) - Tenaga Nasional Bhd (TNB)

was awarded on Tuesday a 3 billion ringgit ($978million) contract by Malaysia's Energy Commission to build, ownand operate a power plant in the northern state of Penang.

The award followed an international bidding exercise for thenew 1,071 megawatt (MW) facility, which will be built to meet arise in power requirements for peninsular Malaysia by 2016 and2017, the Energy Commission said in a statement.

TNB Pasir Gudang was given a five-year extension to anindependent power producer contract, while Malakoff Bhd's SegariEnergy Ventures and Genting Bhd's Genting Sanyen Powerwere given ten-year extensions.

"Through these concurrent bidding exercises, we havesuccessfully secured power generation capacities to meet thegrowing demand of electricity, at the lowest cost of energy andwith minimum completion risks," said the Energy Commission.

($1 = 3.0675 Malaysian ringgits)

(Reporting By Al-Zaquan Amer Hamzah, Yantoultra Ngui)


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