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OTHERS MUDAJAYA GROUP BERHAD ("MUDAJAYA") - Pilot Agreement for Procurement of Power between R.K.M Powergen Private Limited and PTC India Limited for 4 x 360 MW Coal Based Independent Power Plant Project in India

MUDAJAYA GROUP BERHAD

Type Announcement
Subject OTHERS
Description
MUDAJAYA GROUP BERHAD ("MUDAJAYA")
- Pilot Agreement for Procurement of Power between R.K.M Powergen Private Limited and PTC India Limited for 4 x 360 MW Coal Based Independent Power Plant Project in India

 

We refer to our announcements dated 22 May 2017, 27 August 2018 and 30 October 2018 in relation to Mudajaya Corporation Berhad’s (“MCB”) investment in R.K.M Powergen Private Limited (“RKM”).  MCB is a wholly-owned subsidiary of Mudajaya.

 

The Board of Directors of Mudajaya is pleased to announce that MCB has on 1 February 2020, received a letter of notification from RKM stating that it has commenced power supply to the State of Telangana via PTC India Limited on 1 February 2020 pursuant to the Pilot Agreement entered into between RKM and PTC India Limited for the supply of 550MW power. This supply supplements the current power sales of 350MW to Uttar Pradesh Power Corporation Limited (UPPCL), bringing the total power sales from the RKM plant to 900MW.

 

The power sales commencement is expected to contribute positively to the earnings of the Group for the financial year ending 2021 onwards.

 

This announcement is dated 3 February 2020.






Announcement Info

Company Name MUDAJAYA GROUP BERHAD
Stock Name MUDAJYA
Date Announced 03 Feb 2020
Category General Announcement for PLC
Reference Number GA1-03022020-00075




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