submarine cable project?

sources from bernama

January 25, 2007 19:40 PM E-mail this news to a friend Printable version of this news

Tenaga Keen To Participate In Submarine Cable Project

KUALA LUMPUR, Nov 25 (Bernama) — Tenaga Nasional Bhd is interested in the RM10 billion submarine cable project to supply power from Sarawak’s Bakun hydroelectric dam to Peninsular Malaysia.

Its president/chief executive officer, Datuk Che Khalib Mohamad Noh, said if offered the opportunity and if it was good and viable, Tenaga would definitely consider it seriously.

“But it all depends on what kind of investment that is given us,” he said at a press conference to announce Tenaga’s first-quarter results for financial year ended Nov 30, 2006.

According to news report, Tenaga was set to get a 20 percent stake in the planned transmission company that would undertake the project.

The report also said the Minister of Finance Inc and Sime Darby Bhd would hold the remaining 20 percent and 60 percent interests in the project respectively.

Che Khalib said Tenaga has not received any invitation nor an official decision made by the government.

He also said Tenaga did not propose the cable project.

— BERNAMA

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