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Friday, October 28, 2011

Zelan gets letter of intent from Mudaya for RM300m civil works (Edge)

ZELAN BHD [] has received a letter of intent from Mudajaya Corporation Bhd to undertake civil works valued at RM300 million for a power plant expansion in Johor..

It said on Friday, Oct 28 Mudajaya confirmed its intention to subcontract part of the civil works for the CONSTRUCTION [] of the 1,000 MW Tanjung Bin coal fired power plant in Johor.

However, this was subject to the consortium, comprising of Alstom, Mudajaya and Eversendai Corp Bhd, being appointed the main engineering, procurement and construction contractor (EPCC) by Malakoff Corporation Bhd for the power plant expansion.

Zelan also said the letter of intent was also subject to the subcontract price being competitive and acceptable to Mudajaya, it added. The letter of intent will be valid for nine months or until the consortium receives the letter of award and notice to proceed, whichever is earlier.

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