Friday, January 21, 2011



Tenaga Nasional Berhad (“TNB”) wishes to announce that it has signed two agreements with regards to the Ulu Jelai Hydroelectric Project.

The Project will involve the construction of one dam and the installation of two hydro turbines and generators in an underground power station with a total installed capacity of 372MW. The Project is located in the State of Pahang Darul Makmur, in the district of Cameron Highlands. The Project comprises of Susu Dam on Sg. Bertam, two diversion weirs on Sg. Lemoi and Sg. Telom for the diversion of flows from adjacent catchment via transfer tunnel into Sg. Bertam. The Project is expected to be completed and the station made operational by July 2016.

The first agreement is with SMEC International Pty Ltd and SMEC (Malaysia) Sdn. Bhd. Consortium which will provide detailed engineering design for the main civil works, engineering design review for the electrical and mechanical works, project management and site supervision. The contract price is AUD22.1 million and RM31.1 million, equivalent to RM99.6 million at the prevailing exchange rates.

The second agreement is with Tindakan Mewah Sdn. Bhd. and Salini Costruttori S.p.A Consortium. Under the contract, the Consortium will be responsible for the main civil, electrical and mechanical works.The main civil works consist of the construction of a dam, two water transfer tunnels and an underground power house. For electrical and mechanical works involves the design, manufacture, erection, testing and commissioning of two generating plant, each with a generating capacity of 186MW and the associated electrical and mechanical equipment. The contract price is EURO307 million and RM818.1 million, which is equivalent to RM2.050 billion at the prevailing exchange rates.

The contract period for the development of the Ulu Jelai Hydroelectric Project is 5 years of which the payment to these contractors will be made in accordance with the progress of the project.

The above cost will potentially result in an increase in the Company’s Net Assets by approximately 7.1%. This Project is part of the on-going efforts by TNB to provide peak load capacity in order to meet increasing electricity demand and improve power system security by using renewable energy and at the same time reduce carbon emissions.

None of the Directors or Major Shareholders of TNB or persons connected to the Directors or Major Shareholders of TNB has interest, direct or indirect in the said Agreements.

This announcement is dated 12 January 2011.(bursa malaysia)

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