The LSS4 projects’ daily compensation for delayed COD would range from RM50,000 to RM250,000, based on the awarded capacity of between 10mw and 50mw per project.
For previous LSS awards, there has been enforcement of liquidated ascertained damages, with some players having to pay several million ringgit as a result of COD delays
Hope a write back of impairment provision from the RM122 amount for 30-09-2023 , which could give future positive qtr results for Reneuco to fly higher…
RENEUCO BERHAD ("RENEUCO" OR THE "COMPANY") - ACCEPTANCE OF CONDITIONAL LETTER OF AWARD FROM MALAYSIA RAIL LINK SDN BHD (MRL) FOR 30-YEAR CONCESSION FOR THE EXCLUSIVE PROVISION OF ELECTRICITY AND RENEWABLE ENERGY TO THE EAST COAST RAIL LINK (ECRL) NETWORK FOR BOTH TRACTION AND NON-TRACTION
A consortium led by Citaglobal Bhd, Citaglobal Reneuco Energy Solution Sdn Bhd (CREES) has accepted a conditional letter of award (CLOA) from Malaysia Rail Link Sdn Bhd (MRL).
CREES is a consortium of two companies comprising Citaglobal with a 60% shareholding and Reneuco Bhd holding the remaining 40%.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Kim
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Posted by Kim > 2024-02-19 15:44 | Report Abuse
4PM onward fly to 10c =)