shafiq sifu, thank you make me confident to hold gadang share..without u, i sell my gadang at 1.03...although tendering job not secure job but they (gadang) did the best for us...
OTHERS LETTER OF ACCEPTANCE OF OFFER FOR THE DEVELOPMENT OF A LARGE SCALE SOLAR PV PLANT OF 5.9 MWa.c. IN KOTA MARUDU, SABAH GADANG HOLDINGS BHD
Type Announcement Subject OTHERS Description
LETTER OF ACCEPTANCE OF OFFER FOR THE DEVELOPMENT OF A LARGE SCALE SOLAR PV PLANT OF 5.9 MWa.c. IN KOTA MARUDU, SABAH
Gadang Holdings Berhad ("Gadang") wishes to announce that RUSB - BTS Joint Consortium, a joint venture comprising Regional Utilities Sdn Bhd ("RUSB"), a wholly-owned subsidiary of Gadang and BT Solar Sdn Bhd ("BTS"), had accepted the Letter of Acceptance of Offer from the Energy Commission ("EC") dated 15 December 2016 for the development of a Large Scale Solar PV Plant of 5.9 MWa.c. in Kota Marudu, Sabah ("Project").
Gadang has today received the consent from EC to disclose on the above.
The Letter of Acceptance of Offer requires the RUSB - BTS Joint Consortium to satisfy certain obligations, including completion of negotiation and execution of the Project Documents prior to EC issuing the the formal Letter of Award for the Project.
Announcement Subject OTHERS Description LETTER OF ACCEPTANCE OF OFFER FOR THE DEVELOPMENT OF A LARGE SCALE SOLAR PV PLANT OF 5.9 MWa.c. IN KOTA MARUDU, SABAH Gadang Holdings Berhad ("Gadang") wishes to announce that RUSB - BTS Joint Consortium, a joint venture comprising Regional Utilities Sdn Bhd ("RUSB"), a wholly-owned subsidiary of Gadang and BT Solar Sdn Bhd ("BTS"), had accepted the Letter of Acceptance of Offer from the Energy Commission ("EC") dated 15 December 2016 for the development of a Large Scale Solar PV Plant of 5.9 MWa.c. in Kota Marudu, Sabah ("Project").
Gadang has today received the consent from EC to disclose on the above.
The Letter of Acceptance of Offer requires the RUSB - BTS Joint Consortium to satisfy certain obligations, including completion of negotiation and execution of the Project Documents prior to EC issuing the the formal Letter of Award for the Project.
Based on my reading the cost per MW for solar plant is about USD4.0 per MW. So, this project is about RM100 million. Good news, if it materialises into strong sustainable tariff (way better than one-off construction contracts). Another sustainable engine for growth?
Gadang bosy veli conservative one, sure got empty head oni do the business. Besides, Gadang moto is "secure high margin project" margin not high oso no eye see...
Gadang according to some critics, smallish construction company. It smallness make it easy to face with business down time. KYY said bad time got high operating cost... but he forget Gadang is small... not like other big construction co. no project or low margin project will quickly dried up the company...
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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....
tksw
12,778 posts
Posted by tksw > 2017-01-12 10:33 | Report Abuse
go take a nap, wake me up if Gadang touch 110 ya