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DateLine Sunday, 18 May 2008





Marriage Proposals
Government Gazette

Tanjong Energy Holdings eyes new projects here

Dr. Ong Peng Su

Tanjong Energy Holdings Sdn bhd, a subsidiary company of Usaha Tegas Group Malaysia is looking at new projects to invest in Sri Lanka.

At present the company has a 29 per cent stake each in ACE Power Horana and ACE Power Matara providing diesel power to the Ceylon Electricity Board (CEB) grid. The remaining shares in these two companies are held by Aitken Spence.

The company, the second largest Independent Power Producer (IPP) in Malaysia owned by Malaysian business tycoon T. Ananda Krishnan is looking at much bigger projects in the power sector to invest in Sri Lanka said its Executive Director /Chief Executive Officer IR Dr. Ong Peng Su.

He said, "we would go on our own or with a local partner in Sri Lanka but it is too early to divulge the details, but we will be visiting Sri Lanka shortly."

The Group has gone regional since 2005 and currently has a total effective installed capacity of 3,951 MW of power and 16 MIGD of desalinated water. The company has three power plants in Malaysia, three in Egypt, one in Abu Dhabi, three in Bangladesh, one in Pakistan and two in Sri Lanka.

At present the total installed capacity of these power plants are 3,951 MW while plans are under way to increase it to 8000 MW by 2012, said Dr. Su. He said that they wish to do more business in Malaysia, Egypt, Vietnam and India too. SG


Gamin Gamata - Presidential Community & Welfare Service
Ceylinco Banyan Villas

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