28-03-2008
The Edge Daily (Malaysia)
KUALA LUMPUR: Leader Universal Holdings Bhd’s upcoming 200MW coal-fired power plant in Cambodia will supply electricity to state-owned Electricite du Cambodge (EDC) under a 30-year power purchase agreement (PPA).
Leader told Bursa Malaysia it had also signed an implementation agreement with the Cambodian Industry, Mines and Energy Ministry for the project. The deals were inked yesterday.
“Discussions are still ongoing with the turnkey contractor on the engineering, procurement and construction works. The financial adviser is also in the midst of making the necessary arrangement on the project financing,” Leader said.
Both agreements followed a joint venture (JV) deal between Leader and MKCSS Holdings Co Ltd in November 2006 to bid for the electricity project in Sihanoukville.
The Cambodian government had awarded the job to both companies in February 2007, and subsequently a JV company, Power Synergy Corporation Co Ltd (PSC), was formed to undertake the project.
Under the PPA, PSC will build four 50MW coal-fired electricity generators, and a double-circuit 230 kV transmission line. The base tariff has been fixed at US$0.07212 (23 sen) per kilowatt-hours with indexation.
Leader told Bursa Malaysia it had also signed an implementation agreement with the Cambodian Industry, Mines and Energy Ministry for the project. The deals were inked yesterday.
“Discussions are still ongoing with the turnkey contractor on the engineering, procurement and construction works. The financial adviser is also in the midst of making the necessary arrangement on the project financing,” Leader said.
Both agreements followed a joint venture (JV) deal between Leader and MKCSS Holdings Co Ltd in November 2006 to bid for the electricity project in Sihanoukville.
The Cambodian government had awarded the job to both companies in February 2007, and subsequently a JV company, Power Synergy Corporation Co Ltd (PSC), was formed to undertake the project.
Under the PPA, PSC will build four 50MW coal-fired electricity generators, and a double-circuit 230 kV transmission line. The base tariff has been fixed at US$0.07212 (23 sen) per kilowatt-hours with indexation.
