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Petronas Gas in JV to operate, maintain Kimanis power plant
by hlk Fri 01 Jul 2011, 21:17
KUALA LUMPUR: PETRONAS GAS BHD [] has inked a shareholders’ agreement with NRG Consortium (Sabah) Sdn Bhd (NRG) to provide operation and maintenance services to a 300-Megawatt gas power plant and its related facilities and infrastructure in Kimanis, Kota Kinabalu.
It said on Friday, July 1 that the service would be provided through a joint venture company.
NRG is a wholly owned subsidiary of Innoprise Corporation Sdn. Bhd. (ICSB), which in turn is a unit of Yayasan Sabah.
Under the agreement, Petronas Gas will hold 60% in the JV while NRG will hold the remaining 40%.
It said on Friday, July 1 that the service would be provided through a joint venture company.
NRG is a wholly owned subsidiary of Innoprise Corporation Sdn. Bhd. (ICSB), which in turn is a unit of Yayasan Sabah.
Under the agreement, Petronas Gas will hold 60% in the JV while NRG will hold the remaining 40%.
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