<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 7): Tenaga Nasional Bhd (TNB) announced today it has signed a power purchase agreement (PPA) with Tadmax Resources Bhd’s special purpose company — Pulau Indah Power Plant Sdn Bhd (PIPP).</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing today, TNB said the government had awarded Tadmax Resources the right to develop a new combined cycle gas power plant in Pulau Indah, Selangor.</p></div>

<div class=newsTextDataWrapInner><p>“In relation to this, TNB wishes to announce that it has today signed a PPA with PIPP (formerly known as Tadmax Indah Power Sdn Bhd), a special purpose company owned by Tadmax Resources (40%), Worldwide Holdings Bhd (35%) and Korea Electric Power Corp (25%).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The PPA will be for a period of 21 years from the commercial operation date of the first generating block, which is expected on Jan 1, 2024," it said.</p></div>

<div class=newsTextDataWrapInner><p>TNB said PPIP will construct, own, operate and maintain a gas-fired combined cycle electricity generating facility with a total nominal capacity of 1,200 megawatts proposed to be located at Pulau Indah.</p></div>

<div class=newsTextDataWrapInner><p>At noon break, shares in TNB were unchanged at RM11, valuing the group at RM65.75 billion. It saw 894,800 shares traded.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Tadmax Resources were half a sen or 169% lower at 29 sen, bringing a market value of RM227.15 million. It saw 7.25 million shares exchanging hands.</p></div>


Tenaga Nasional Bhd (TNB) announced today it has signed a power purchase agreement (PPA) with Tadmax Resources Bhd’s special purpose company — Pulau Indah Power Plant Sdn Bhd (PIPP).

TNB inks power purchase agreement with Pulau Indah Power Plant

Berkshire Hathaway Inc posted a record quarterly profit on Saturday, boosted by strength in its insurance operations, and appears to have sold a significant number of Apple shares as its cash stake swelled to US$189 billion (RM895.86 billion).

Berkshire has record profit, cash soars to US$189b as Apple stake sinks

Communications Minister Fahmi Fadzil on Saturday said the Cabinet has not discussed about a price hike for petrol and diesel yet.

Fahmi: Foreign media reports not true as Cabinet yet to discuss price hike for petrol and diesel

Hong Kong issued its first red rainstorm warning of the year on Saturday as downpours caused flooding in areas of the territory, shutting roads and disrupting public transportation.

Hong Kong issues 2024’s first red storm signal amid flooding

Indonesia will permanently relocate the entire population of an island in North Sulawesi province because a volcano is threatening their safety.

Indonesia’s Ruang becomes ghost island as volcano erupts

The flight instructor and trainee of the Cessna 172 (9M ADA) type training aircraft which crashed in an oil palm plantation in Besout 2 Tambahan plantation, Sungkai near here have been identified as Captain Shahrul Imran Surea, 26, and Ho Jia Lee, 20.

Survivors of Sungkai plane crash identified

The Civil Aviation Authority of Malaysia (CAAM) has confirmed that a Cessna 172N Skyhawk aircraft with the registration number 9M-ADA crashed near Felda Gunung Besout, Sungkai, Perak on Saturday.

CAAM confirms Cessna 172N Skyhawk aircraft crashed near Felda Gunung Besout

The Melaka state government is setting its sights on bolstering its local business landscape by encouraging more companies in the state to be listed on Bursa Malaysia.

Melaka aims to boost local businesses, eyes more listings on Bursa Malaysia

The government is currently studying the proposal from marine robotics company Ocean Infinity to resume the search for Malaysia Airlines Flight MH370, which went missing while en route to Beijing 10 years ago.

Loke: Govt studying Ocean Infinity's proposal to resume search for MH370

Construction work on the East Coast Rail Link (ECRL) project in Kelantan, Terengganu, Pahang and Selangor has reached an average of 65% as of April, said Transport Minister Anthony Loke.

Progress of ECRL project in four states reaches 65%, says Loke

A training aircraft crashed in the Besout 2 Tambahan plantation area in Sungkai on Saturday.

Light aircraft crashes in Sungkai, two passengers survive

<p>The flight instructor and trainee of the Cessna 172 (9M ADA) type training aircraft which crashed in an oil palm plantation in Besout 2 Tambahan plantation, Sungkai near here have been identified as Captain Shahrul Imran Surea, 26, and Ho Jia Lee, 20.</p>


<p>Hollywood superstar and acclaimed Malaysian actress Tan Sri Michelle Yeoh has received the prestigious Presidential Medal of Freedom from US President Joe Biden on Friday.</p>


Michelle Yeoh receives Presidential Medal of Freedom from Biden

<p>Berkshire Hathaway Inc posted a record quarterly profit on Saturday, boosted by strength in its insurance operations, and appears to have sold a significant number of Apple shares as its cash stake swelled to US$189 billion (RM895.86 billion).</p>


<p>The Melaka state government is setting its sights on bolstering its local business landscape by encouraging more companies in the state to be listed on Bursa Malaysia.</p>


<p>King Charles and other senior British royals are to relinquish patronages of almost 200 charities and organisations after a review of their association with more than 1,000 groups, Buckingham Palace said on Saturday.</p>


King Charles and UK royals to relinquish dozens of patronages

<p>Communications Minister Fahmi Fadzil on Saturday said the Cabinet has not discussed about a price hike for petrol and diesel yet.</p>


<p>Electric vehicle (EV) maker Zeekr Intelligent Technology Holding said on Friday it was targeting a valuation of up to US$5.13 billion (RM24.32 billion) in its US initial public offering (IPO), the first major floatation of a China-based company in more than two years.</p>


China's Zeekr seeks up to US$5.13b valuation in US IPO

<p>A training aircraft crashed in the Besout 2 Tambahan plantation area in Sungkai on Saturday.</p>


<p>The Civil Aviation Authority of Malaysia (CAAM) has confirmed that a Cessna 172N Skyhawk aircraft with the registration number 9M-ADA crashed near Felda Gunung Besout, Sungkai, Perak on Saturday.</p>


<p>Construction work on the East Coast Rail Link (ECRL) project in Kelantan, Terengganu, Pahang and Selangor has reached an average of 65% as of April, said Transport Minister Anthony Loke.</p>


<p>Indonesia will permanently relocate the entire population of an island in North Sulawesi province because a volcano is threatening their safety.</p>


<p>Hong Kong issued its first red rainstorm warning of the year on Saturday as downpours caused flooding in areas of the territory, shutting roads and disrupting public transportation.</p>


<p>The Kuala Kubu Baharu (KKB) by-election campaign is entering a critical period for all contesting parties and candidates to redouble their efforts to win as many votes as possible.</p>


KKB polls: Parties, candidates redoubling efforts as campaign enters critical period

<p>The government is currently studying the proposal from marine robotics company Ocean Infinity to resume the search for Malaysia Airlines Flight MH370, which went missing while en route to Beijing 10 years ago.</p>


<p>The Philippines central bank will require financial institutions to submit a report within 24 hours of discovering risks linked to money laundering and terrorist financing, as the Southeast Asian nation steps up its fight against illicit transactions.</p>


Philippines' central bank tightens dirty money risk reporting rule

<p>Malaysia's latest position in the Press Freedom Index is still considered good compared to the previous government, said Communications Minister Fahmi Fadzil.</p>


Malaysia's press freedom index position is still good, says Fahmi

<p>This year marks the 30th anniversary of the United Nations’ International Year of the Family (IYF). In the decades since the IYF was proclaimed, demographic shifts, technological transformations, migration, urbanization, and climate change have upended societies around the world. Responding effec...