Jimah East Power Sdn Bhd (JEP). the operator of the 2,000MW coal-fired power plant known as Project 3B, may see the entry of a new shareholder after it has completed its financial close.
At present, TNB holds a 70% stake in JEP while Mitsui & Co Ltd owns the remaining 30% through 3B Power Sdn Bhd.
In an announcement to Bursa Malaysia on Thursday, TNB said The Chugoku Electric Power Co Inc, one of Japan’s biggest regional power utilities, might take up half of the interest in 3B Power.
This follows a prior commercial arrangement between Mitsui and Chugoku Electric Power, which TNB describes as “a Japanese utility company that has vast experience in ultra-supercritical boiler.”
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At present, TNB holds a 70% stake in JEP while Mitsui & Co Ltd owns the remaining 30% through 3B Power Sdn Bhd.
In an announcement to Bursa Malaysia on Thursday, TNB said The Chugoku Electric Power Co Inc, one of Japan’s biggest regional power utilities, might take up half of the interest in 3B Power.
This follows a prior commercial arrangement between Mitsui and Chugoku Electric Power, which TNB describes as “a Japanese utility company that has vast experience in ultra-supercritical boiler.”
Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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