KUALA LUMPUR (Aug 10): Tenaga Nasional Bhd (TNB) has received a copy of the letter from the Energy Commission (EC), relating to the Commission's conditional award to Tadmax Resources Bhd to develop a 1,000MW combined-cycle gas-fired power plant in Pulau Indah, Selangor.

In a filing with Bursa Malaysia today, TNB said it will be evaluating the offer and its role in the project.

"TNB will make announcement accordingly as and when there is material development on this matter," it added.

To recap, Tadmax had announced on Aug 3 the award by the EC for the new power plant, with TNB to be invited to participate in the project.

"The letter of award is subject to various conditions, including finalising the terms of the agreement relating to the project with relevant parties and further subject to changes arising from negotiations prior to submission to the EC," said Tadmax.

However, the following day (Aug 4), TNB said it had not been notified of the EC's decision to invite the group to participate in the project.

TNB shares fell 10 sen or 0.68% to RM14.52 today, giving a market capitalisation of RM81.83 billion.