Malaysia plans 2 coal-fired power plants
Published: 2010/09/28
The federal government plans to build two blocks of 1,000 MW coal-fired power generation plants in the Peninsular following the cancellation of power transmission from the multi-billion ringgit Bakun Hydroelectric Dam project, said Energy, Green Technology and Water Minister Datuk Peter Chin Fah Kui.
"We have decided that the two plants will be limited to only three brownfield sites, namely in Manjung (Perak), Jimah (Port Dickson) and Tanjung Bin (Johor).
"Because of the urgency of the matter, one of the 1,000 MW block is currently being handled by Tenaga Nasional Bhd in Manjung.
"The other block will see bidding by the existing brownfield site owner," he told reporters after delivering a keynote address at the National Water and Utilities Summit in Kuala Lumpur today.
He added the power supply was urgently needed by 2015 and it was better for the government to institute the process before it was too late.
Speaking on the government's plan for a nuclear powered generation plant under the Economic Transformation Programme (ETP), he said public consultation was the most crucial process.
"We must take note that the plans are for 2021, which is a 10 year gap between the actual implementation where the reactor will be functioning, we are now in the preparatory stage.
"International treaties need to be signed by Malaysia, proper legislation needs to be looked into and while doing that we will look into the consultation process," he said.
Chin added, a timeline from now until 2015 has been set to have a countrywide consultation and the ministry would institute various mechanisms to consult the public.
"At the end of the day, if the public does not wish for a nuclear reactor, we will respect that decision," he said. -- Bernama
Read more: Malaysia plans 2 coal-fired power plants http://www.btimes.com.my/Current_News/BTIMES/articles/20100928155815/Article/index_html#ixzz10pPrU56l
HDBSVR: Gamuda, Maintain Buy
HDBSVR: Gamuda, Maintain Buy
KUALA LUMPUR: Hwang DBS Vickers Research keeps Gamuda high on its conviction pick and raised the target price to RM4.40.
In its report on Monday, Sept 27, it raised the target price to RM4.40 after factoring in the recent purchase of land along Jalan Pudu (RM600m gross development value), where Gamuda plans to build shop offices and service apartments.
At 19 times one-year forward PE and 2.1 times price/book value, valuations do not seem cheap, but they are at mean levels.
“We expect valuations to at least test 1SD above mean and for it to trade at premium valuations to its peers should it be awarded the mass rapid transit project,” it said.
Hwang DBS Vickers Research said in the two-months leading to the award of its RM12.5bn double tracking project, it traded at average 1-year forward PE of 29 times and peaked at 39 times a month later.
Gamuda’s investability will also gain traction having replaced Tanjong in the 30-stock FBM KLCI.
KUALA LUMPUR: Hwang DBS Vickers Research keeps Gamuda high on its conviction pick and raised the target price to RM4.40.
In its report on Monday, Sept 27, it raised the target price to RM4.40 after factoring in the recent purchase of land along Jalan Pudu (RM600m gross development value), where Gamuda plans to build shop offices and service apartments.
At 19 times one-year forward PE and 2.1 times price/book value, valuations do not seem cheap, but they are at mean levels.
“We expect valuations to at least test 1SD above mean and for it to trade at premium valuations to its peers should it be awarded the mass rapid transit project,” it said.
Hwang DBS Vickers Research said in the two-months leading to the award of its RM12.5bn double tracking project, it traded at average 1-year forward PE of 29 times and peaked at 39 times a month later.
Gamuda’s investability will also gain traction having replaced Tanjong in the 30-stock FBM KLCI.
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