Thursday, October 22, 2015

Malakoff 1000MW Tanjung Bin Plant to start in March 2016

Malakoff is one of the larger independent water and power producer in Malaysia. Its new 1,000 MW coal-fired powet plant in Tanjung Bin (located at South of Johor just across Singapore) is slated to start operations in March 2016.

Malakoff already operates an existing 2,100MW plant at the same locality in Tanjung Bin.

Analysts expect the new plant to contribute another RM1 billion to RM1.2 billion to Malakoff's annual revenue.

Malakoff's shares trade at RM1.76 and it has a current market capitalisation of RM8.8 billion.