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The Malaysian Insider

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Alstom wins €830m power plant deal in Malaysia

February 23, 2012

PARIS, Feb 23 — Alstom today said it has secured an €830 million (RM3.32 billion) contract as part of a consortium that will build a coal-fired power plant in Tanjung Bin, Malaysia, its second sizable power plant deal in the country in less than a year.

The total value of the consortium’s contract, which includes Malaysian building materials company Mudajaya and construction firm Shin Eversendai, is over €1 billion, Alstom said.

The contract is for a so-called supercritical coal-fired plant. These plants operates at a higher temperature than regular coal-fired power plants, which improves their efficiency.

The Tanjung Bin power plant is the French energy and transport engineering company’s second contract for a supercritical coal-fired unit in Malaysia, following the order to build the Manjung power plant in March 2011.

At 1254 GMT Alstom shares were trading up 0.2 per cent at €30.68, slightly outperforming a flat CAC40 index. — Reuters