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OTHERS MUDAJAYA GROUP BERHAD ("MUDAJAYA") Conditional Letter of Acceptance of Offer for the development of a Large Scale Solar PV Plant (LSSPV) of 49.00 MWa.c. from Suruhanjaya Tenaga

MUDAJAYA GROUP BERHAD

Type Announcement
Subject OTHERS
Description
MUDAJAYA GROUP BERHAD ("MUDAJAYA")
Conditional Letter of Acceptance of Offer for the development of a Large Scale Solar PV Plant (LSSPV) of 49.00 MWa.c. from Suruhanjaya Tenaga

The Board of Directors of Mudajaya is pleased to announce that Mudajaya Corporation Berhad, a wholly-owned subsidiary of Mudajaya, has on 21 December 2016 accepted the Conditional Letter of Acceptance of Offer from Suruhanjaya Tenaga to undertake the development of a Large Scale Solar PV Plant (LSSPV) of 49.00 MWa.c. on Build-Own-Operate basis at Sungai Siput, Kuala Kangsar, Perak (“Project”). The award is expected to be finalised by February 2017.

The contract sum is approximately RM270 million. The construction period for the Project is 18 months from finalisation of the award.

The Project is expected to contribute positively to the earnings of the Group for the financial year ending 2018 onwards.     

None of the directors or major shareholders of Mudajaya or persons connected with them has any direct or indirect interest in the Project.

 

This announcement is dated 21 December 2016.






Announcement Info

Company Name MUDAJAYA GROUP BERHAD
Stock Name MUDAJYA
Date Announced 21 Dec 2016
Category General Announcement for PLC
Reference Number GA1-21122016-00022




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