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Tenaga inks contract for 1,000MW Majung coal-fired power plant project

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Tenaga inks contract for 1,000MW Majung coal-fired power plant project  Empty Tenaga inks contract for 1,000MW Majung coal-fired power plant project

Post by hlk Fri 01 Apr 2011, 19:48

KUALA LUMPUR: TENAGA NASIONAL BHD []’s unit has inked an engineering, procurement and CONSTRUCTION []
agreement for the multi-billion-ringgit 1,000MW Manjung coal-fired
power plant project with the consortium led by Alstom Power System SA.
Tenaga said on Friday, April 1 the new plant would be adjacent to the existing 3x700MW coal-fired power plant in Manjung.
“The contract price is US$810 million, 180 million euros and RM1.80
billion. The development of the project is for the period of four years
on the basis of project finance. Payments to the consortium will be made
in accordance with the progress of the project according to the agreed
milestones,” Tenaga said.
The national power company said the agreement was between TNB
Janamanjung Sdn Bhd and the consortium of Alstom Power System SA which
would be responsible for the design, supply, installation, testing and
commissioning of the power plant.
The consortium comprised of Alstom Power System SA, Alstom (Wuhan) Engineering & TECHNOLOGY []
Co. Ltd., Alstom Services Sdn. Bhd., China National Machinery Import
& Export Corporation and CMC Machipex Sdn. Bhd. (the Consortium).
It said the new plant would utilise the supercritical boiler
technology which is deemed to be cleaner than the conventional boiler
technology.
The technology has been identified as one of the major measures that
can be taken to help reduce carbon dioxide emissions. The project is
expected to be completed and fully commissioned by March 2015, it said.
Tenaga said the major components of the project include the building
structures and installation of one steam turbine, one supercritical
boiler, coal handling equipment, ash handling equipment, water treatment
system, air quality control system as well as waste water treatment
system.
It added the project would potentially increase TNB group’s net assets by about 17.28%.
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Post by hlk Fri 01 Apr 2011, 19:51

Warrants TENAGA-CQ
Warrants Reference Price 0.085
Warrants Last Done 0.075
Volume 207
Share Reference Price 6.250
Share Price 6.180
Exercise Price 6.800
Exercise Ratio (warrants per share) 8
Interest Rate(%) 2.9178
Dividend Yield(%) 2.5243
Expiration Date 27-Sep-2011
Days to Expiry 179
Implied Volatility(%) 48.9547
Gearing (X) 10.3000
Effective Gearing (X) 4.7446
Premium(%) 19.7411
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Post by hlk Fri 01 Apr 2011, 19:52

tenaga bb so high premium... [You must be registered and logged in to see this image.]
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