Barefoot Investor: Media Highlights : Suria Capital unit and partners bag RM1bn job, Perak may have its own LCCT, says MB, JCorp plans group-wide transformation, Approval in writing for Langat 2 plant pending, Sime to launch 15 property projects

Suria Capital unit and partners bag RM1bn job
Suria Capital Holdings’ wholly-owned subsidiary, SCHB Engineering Services SB and its consortium partners, have been awarded a RM1bn engineering, procurement, construction and commissioning (EPCC) contract for a power plant project in Sabah. The contract from Kimanis Power SB involves the construction of a 300MW combined-cycle gas turbine gas-fired power plant project in Kimanis, Sabah, Suria Capital told Bursa Malaysia yesterday. The construction period is three years. SCHB's consortium partners include CTCI Corp, CTCI Overseas Corp Ltd, CTCI Malaysia SB and Steamline (M) SB. Kimanis Power SB is a 60:40 joint venture between Petronas Gas (PetGas) and NRG Consortium SB, the business arm of Yayasan Sabah Group. (StarBiz)

Perak may have its own LCCT, says MB
The Perak state government is considering setting up its own low-cost carrier terminal (LCCT) in the northern part of the state. "We have had a few discussions with AirAsia on the matter and we have proposed several locations in Perak, and they have stated their preference for one particular location," Menteri Besar Datuk Seri Zambry Abd Kadir said yesterday. The site is expected to be in the vicinity of Parit Buntar and Taiping, which is in the area of the Northern Corridor Economic Region. Zambry explained that the state government was waiting for the right time to bring it up to the federal government to decide on the suitability and viability of the project. (Business Times)

JCorp plans group-wide transformation
Johor Corp (JCorp) will undergo a group-wide transformation programme which will be implemented in phases over the next few years. JCorp president and chief executive officer Kamaruzzaman Abu Kassim said it was focusing on enhancing its core businesses to bring the state agency to the next level. "The immediate task now is to resolve the debt of RM3.6bn that comes due in mid-2012 and we have identified the means of achieving this," Kamaruzzaman said in a statement yesterday. JCorp has appointed CIMB Bank and Maybank Investment Bhd as advisers for the restructuring. The banks are also the biggest lenders to JCorp. (Business Times)

Approval in writing for Langat 2 plant pending
The Selangor government had in December promised to allow the federal government to build the Langat 2 water treatment plant, which is part of the Pahang-Selangor Interstate Water Transfer Project. Energy, Green Technology and Water Minister Datuk Seri Peter Chin Fah Kui said his ministry, however, was still waiting for the approval in writing from the state government, which was expected to be received this month. “Although we are seven months late, the state government's latest decision means that we can proceed. And we are going ahead with the tender this month or by February. The approval means the last hurdle has been removed,” he said after meeting with the ministry's officers and staff, here yesterday. (StarBiz)

Sime to launch 15 property projects
Sime Darby, through Sime Darby Property, will be launching 15 projects across 10 townships in the first half of this year. Its head of marketing development, Henri Young said, the townships include Putra Heights and USJ Heights in Subang Jaya, Denai Alam (Shah Alam) and Bandar Bukit Raja (Klang). "There is still strong demand for landed and residential properties in Malaysia," he said yesterday. He said the company's previous projects in Denai Alam, Bandar Bukit Raja and the USJ Heights townships were sold out within two months. (Business Times)


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