TNB REMACO BAGS US$176M CON­TRACT

Com­pany to op­er­ate and main­tain the 1,223MW Bal­loki com­bined cy­cle power plant in Pun­jab province

New Straits Times - - Business - KUALA LUMPUR

TENAGA Na­sional Bhd's wholly-owned sub­sidiary, TNB Re­pair and Main­te­nance Sdn Bhd (TNB Remaco), has bagged a USD$176 mil­lion (RM763.3 mil­lion) con­tract for the Op­er­a­tion and Main­te­nance (O&M) of the 1,223 megawatt (MW) Bal­loki com­bined cy­cle power plant in Pak­istan.

The 12-year con­tract was awarded by the Na­tional Power Parks Man­age­ment Com­pany Pvt Ltd, a govern­ment-linked com­pany.

TNB Remaco won the con­tract through an in­ter­na­tional bid­ding ex­er­cise and the O&M agree­ment was inked in La­hore on Fri­day, said TNB yes­ter­day.

The O&M con­tract is TNB Remaco’s largest in Pak­istan and is set to broaden its pres­ence in the coun­try.

The com­pany’s other O&M con­tracts in Pak­istan are for the Lib­erty Power Plant, Nar­rowal Power Plant and New Bong Es­cape Hy­dro Power Plant.

The Bal­loki Power Plant uses Gen­eral Elec­tric’s lat­est gas tur­bine tech­nol­ogy, which will be able to ful­fil the elec­tric­ity de­mand in Pak­istan that is fore­cast to reach 12,300GWh by 2020.

The con­tract is a new mile­stone for TNB Remaco, as it is the largest O&M con­tract it has won for a sin­gle power plant, ei­ther lo­cally and in­ter­na­tion­ally.

TNB said the deal rep­re­sented a new bench­mark for TNB Remaco in bid­ding for fu­ture con­tracts re­lated to power plant oper­a­tions and main­te­nance, as well as in achiev­ing TNB’s as­pi­ra­tion to max­imise rev­enue from non-reg­u­lated busi­nesses.

BLOOMBERG PIC

Tenaga Na­sional Bhd’s unit TNB Re­pair and Main­te­nance Sdn Bhd has won a 12-year con­tract from Na­tional Power Parks Man­age­ment Com­pany Pvt Ltd in Pak­istan.

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