THE WHO WHAT WHEN
Kimanis Powe Plant project (Sabah new 300-megawatt power plant)
25 November 2008
Gas (60%) and Yayasan Sabah (40%) jv. Expected bidders are those with
expertise, such as Japan's Sumitomo and Mitsubishi, Germany's Siemens
and France's Alstom.
develop, operate and maintain the proposed 300-megawatt gas-fired power
plant and its related facilities and infrastructure. A jv company fill
be formed by the partners.
2) To undertake the sale and delivery of electricity from the proposed power plant
- subjected to the satisfaction of certain conditions precedent
including the execution of a Gas Sales Agreement by the JVC with a
third party for the purchase of Natural Gas for the Power Plant, the
execution of a Power Purchase Agreement with a third party for the sale
of electricity to be produced by the Power Plant as well as the
approval of relevant authorities.
Kimanis, District of Papar, Kota Kinabalu Sabah.
To meet a growing power demand in Sabah.
was supposed to build a 300MW coal-fired power plant in Lahad Datu to
stabilise the Sabah Grid on the east coast, but it was scrapped by the
Sabah state government.
Gas will have a 60 per cent stake in the joint venture, the remaining
40 per cent will be held by Yayasan Sabah (a government foundation).
Gas Bhd is expected to call bids for the main contract to build a RM900
million power plant in Sabah as early as March or May next year (2009).
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