According to various media reports today, some uncertainties have been cast over Tenaga Nasional Bhd’s participation in Project 4A following the delay in the submission of its project documents to the EC.

It was earlier reported that Tenaga had applied for a two-month extension to submit its application and that it was due to a disagreement over the shareholding structure. However, we now understand that it may also be delayed for due diligence in relation to its costs and the submission to the EC will be done by March 15.



To recap, Project 4A, which was awarded to the Tenaga-SIPP Energy-YTL Power consortium in May 2014 on a direct negotiation basis, involves the construction of a 1,000MW to 1,400MW gas-fired power plant in Johor. YTL Power had, however, withdrawn from the project.



In its award of the contract to the consortium, the EC had specified three conditions, namely:- (1) that the levelised tariff must be comparable to 1,071MW Prai plant; (2) engineering, procurement and construction provider must be selected through competitive bid for a proven gas turbine technology; and (3) technical and commercial proposals have to be approved by EC.



The new plant under Project 4A will reportedly cost RM8bil-RM13bil. In comparison, the gas-fired Prai power plant, which is set to commence operations in March 2016, is estimated to cost RM2.5bil. Its levelised tariff is set at 34.7sen/kWh.



Pending further developments, we maintain our BUY recommendation on Tenaga with an unchanged DCF-derived fair value of RM17.00/share.

We do not believe that Tenaga’s setback will lead to a delay in commercial operations as it only takes 32 months to power up a gas plant and the last day for financial close is in Oct. Operations at the Johor power plant are expected to commence in 2018

today up but im still waiting at 2.02 :) as i still hold on previous in.. didnt throw on recent up and down... missed 3rd round.. waiting 4th round. then on 5th round..becareful..

once a bit in Dec14, then feb11, if got peak like 4th feb, im surely sell :)

i bought due to big drop for 2 days.. but i think i keep as long as no such drastic drop.. see the chart..

http://www.thestar.com.my/Business/Business-News/2015/03/03/Malaysian-banks-property-developers-resilient-says-Moodys/?style=biz

ksl more on property? http://www.establishmentpost.com/malaysians-worried-property-market-malaysia/

company good, news good but only players.... how they play.. this questions must ask those contra guys like kakisaham.... or biggers ones.. see chart to see patterns, how many days it last

thats the questions as it is in the news... both will raise or which buy over which? swap?

? why epf want to sell?

we will see today.. fbmklci still challenging 1825

yeah... nice up "stairs"

http://www.thestar.com.my/Business/Business-News/2015/03/03/Market-mood-cautious-despite-foreign-interest-Flattish-retail-sentiment/?style=biz

buy on cash!

doji after some fall. ok lar

kakisaham on t3? or cash?

haha.. 1.80 even better :)

i cant understand but i still q at 2.02

holiday! CNY not over yet :)

theoretical swap ratio of 1.52 MBSB share for 1 BIMB share.. which worth to buy?

theoretical swap ratio of 1.52 MBSB share for 1 BIMB share.. which worth to buy?

walaueh

wah.. the price still ....

but the price still ....zzz

haha matakuda and ayamtua also here already?

fbmklci down 4 pts

someone controlling with big funds....

2 strong sell candle... going to RM2?

buy!

eh...

aiyo,,drop!

goat lar

up only due to report result?

dates together with mbsb!

today fly!

ok ok.. i hope 54055 is right.. clear those $$ makers first

ready down or up? im confused.. :(

make sense on the dirty tricks from business man.. own profit first

like! all the best buddy!

haha..same boss, same chart pattern. huat ar!

i get internal info that mbsb want to "eat" bimb" but to me... sounds weird as mbsb price now at 2.xx
but bimb 4.xx lets see first week of March for price actions

1 day holiday, so much great news.. no wonder saw so much smart$ in already.. ha... spotted, bought in already when smart$ in.. now enjoy the show..

1 day holiday, so much great news.. no wonder saw so much smart$ in already..

see from the chart, repeated disease from time to time.. sure got same big player controlling..

Aiyo, suspend... Still waiting

Fortunebull already in?

Smart$ already in

nice chart forming

from chart, seems flying

yeah, got it but... no time to read since yesterday :(

wah.. nice info! im happy to load it today