Malakoff's Tanjung Bin plant achieves commercial operation

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KUALA LUMPUR (March 21): Malakoff Corp Bhd's 1,000MW ultra-supercritical coal-fired power plant (T4 Plant), located at Mukim Serkat, Tanjung Bin, Johor Darul Takzim, has successfully achieved its commercial operation date (COD) today.

With that, the total net effective generation capacity of the Malakoff Group in Malaysia has increased from 5,346MW to 6,346MW, said Malakoff in a bourse filing.

The T4 Plant was developed by Tanjung Bin Energy Sdn Bhd, a wholly-owned subsidiary of Malakoff. Tanjung Bin has a 25-year power purchase agreement with Tenaga Nasional Bhd, effective from the COD of the T4 plant.

"It expected that Tanjung Bin will contribute and enhance the profitability of Malakoff for the financial year ending Dec 31, 2016 and thereafter," added Malakoff.

As at 2.04pm, Malakoff was down one sen or 0.62% to RM1.59, after some 993,600 shares were traded.