Thursday 28 Mar 2024
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KUALA LUMPUR (Oct 16): Malakoff Corporation Bhd’s 1,000 megawatt (MW) Tanjung Bin Tanjung Bin Energy coal-fired power plant (T4) in Johor is a step closer to its target commission in March next year.

In a statement, Malakoff said the plant was synchronised with the national grid yesterday, marking its initial operation date yesterday.

This follows the T4’s first coal-firing of its boiler that was achieved on Aug 27, 2015, the statement read.

Malakoff chief executive officer Datuk Seri Syed Faisal Albar reiterated that the project is right on schedule as indicated by the synchronisation with the national grid. 

“The final stage will be the commercial operation date of the plant that is expected in March 2016,” he added.

It was reported that analysts estimate that the T4 plant is expected to contribute RM1 billion to RM1.2 billion to the power producer’s annual revenue and was likely to drive earnings growth in financial year 2016 (FY16).

The T4 will add another 1,000MW to its existing capacity of 2,100MW, catapulting the plant to be the largest power plant complex by capacity generation owned by an independent power producer in Malaysia and South-East Asia.

Malakoff has 11 electricity-generation projects across Malaysia, Saudi Arabia, Algeria, Bahrain and Australia.

Malakoff shares are currently trading unchanged at RM1.70, with a market capitalisation of RM8.5 billion.

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