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
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
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