Malakoff‘s job extension concern

TheStar Fri, Jun 14, 2024 12:00am - 7 months View Original


Maybank IB Research said there are near/medium-term challenges with regard to concession expiries.

PETALING JAYA: Despite its encouraging first-quarter (1Q) earnings, Malakoff Corp Bhd’s prospects remain challenging over the medium term due to risks associated with concession expiries.

The independent power producer (IPP) is currently working on securing an extension of its concession for the Prai Power station in Penang, which is expiring this month.

Further, its concession for the 2,100-megawatt (MW) Tanjung Bin Power station in Johor is due to expire in September 2031, while its Alam Flora’s concession would expire in August 2032.

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Nadarajah Mohan
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in a country where the privileged lot gets to murder & maim behemoth projects and still continue to get new projects i.e Boustead .....Malakof stands in the same league of privileged entities.
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