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OTHERS MUDAJAYA GROUP BERHAD ("MUDAJAYA") R.K.M Powergen Private Limited : 4 x 360 MW Coal Based Independent Power Plant Project in India

MUDAJAYA GROUP BERHAD

Type Announcement
Subject OTHERS
Description
MUDAJAYA GROUP BERHAD ("MUDAJAYA")
R.K.M Powergen Private Limited : 4 x 360 MW Coal Based Independent Power Plant Project in India

We refer to our announcements dated 17 March 2016 and 3 March 2017 in relation to Mudajaya Corporation Berhad’s (“MCB”) investment in R.K.M Powergen Private Limited ("RKM").

The Board of Directors of Mudajaya is pleased to announce that MCB has on 3 April 2017, received a letter of notification from RKM stating that its Unit 1 has commenced the sale of 200 Mega Watts (“MW”) to several power distribution companies in the State of Uttar Pradesh from 2 April 2017 based on a schedule to supply from Uttar Pradesh Power Corporation Ltd (“UPPCL”) dated 31 March 2017 pursuant to the Power Purchase Agreement dated 15 March 2016. The balance of 150 MW will commence pending an approval from UPPCL subsequent to the Champa-Kurukshetra 800 kV HCDC pole and 765 kV Jaipur-Bhiwani transmission line which was commissioned recently as notified by Power Grid Corporation of India Limited to RKM on 27 March 2017.

The power sales commencement is expected to contribute positively to the earnings of the Group for the financial year ending 2017 moving forward.

 

This announcement is dated 4 April 2017.






Announcement Info

Company Name MUDAJAYA GROUP BERHAD
Stock Name MUDAJYA
Date Announced 04 Apr 2017
Category General Announcement for PLC
Reference Number GA1-04042017-00038




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