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    Posco-Led Group Wins Malaysia CCGT Contract

Summary

The plant should become operational by early 2024.

by: Shardul Sharma

Posted in:

Natural Gas & LNG News, Asia/Oceania, Liquified Natural Gas (LNG), Security of Supply, Gas to Power, Corporate, Infrastructure, News By Country, Malaysia

Posco-Led Group Wins Malaysia CCGT Contract

A consortium of South Korea’s Posco E&C, Japan’s Mitsubishi and Malaysia’s PEC Powercon has been awarded a contract by Tadmax Resources to build a 1.2 GW gas-fired power plant (CCGT) on the Malaysian island of Pulau Indah, Tadmax said in a statement on March 13.

The value of the engineering, procurement, construction and commissioning contract, awarded by Pulau Indah Power Plant, a wholly-owned subsidiary of Tadmax, was not disclosed. But the project's overall cost is expected at around ringgit 3.3bn ($750mn). The plant should become operational by early 2024, Tadmax said.

Posco, which holds a 60% stake in the consortium, is responsible for design, procurement and construction; Mitsubishi will supply boilers and turbines, and PEC Powercon will undertake the commissioning work.  

In a separate statement, Tadmax said it had entered into an agreement with Worldwide Holdings to sell a 35% stake in Pulau Indah Power Plant for ringgit 58.45mn.