Zelan wins bid to build campus in Pahang

KUALA LUMPUR, (Nov 2): Loss-making ZELAN BHD [] has won a bid to develop the International Islamic University Malaysia's Centre for Foundation Studies in Pahang.

It said on Wednesday, it was selected by the Public Private Partnership Unit of the Prime Minister's Department to implement Phase 3 of the centre's development in Gambang, Pahang.

The project will be funded by a private finance initiative and is subject to terms and conditions between the government and Zelan.

Last Friday, Zelan said Mudajaya confirmed its intention to subcontract part of the civil works for the CONSTRUCTION [] of the 1,000 MW Tanjung Bin coal fired power plant in Johor.

However, this was subject to the consortium, comprising of Alstom, Mudajaya and Eversendai Corp Bhd, being appointed the main engineering, procurement and construction contractor (EPCC) by Malakoff Corporation Bhd for the power plant expansion.

In the first quarter ended June 30, 2011, it posted net losses of RM8.04 million on the back of RM12.80 million in revenue. As at June 30, the group’s current liabilities exceeded the current assets by RM206.42 million.