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Selangor govt-linked firm eyes 30% stake in Tadmax’s Pulau Indah power plant project

Selangor state-linked fim Worldwide Holdings Bhd is looking to secure a 30% stake in a directly negotiated power plant project to be developed in Pulau Indah, Selangor, by Tadmax Bhd.

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The announcement comes after Energy, Green Technology, Science and Climate Change Minister Yeo Bee Yin said recently that the government will scrap four new independent power producer contracts which were awarded directly. She declined to name the companies involved in the projects but stated that one of them was a public listed company.

Tadmax told Bursa Malaysia today that the group entered into a memorandum of understanding (MoU) on July 27 with Worldwide Holdings, which is involved in property, environmental management services, investment holding as well as medical device manufacturing.

Tadmax said subject to the Energy Commission’s prior written approval being obtained and upon the definitive agreement having executed, Worldwide Holdings intends to secure a 30% stake in the project company known as Tadmax Indah Power Sdn Bhd (TIP).

Worldwide Holdings will offer its services as a strategic partner of the project by participating in financing discussion with the financiers and/or financial institutions as well as providing support and coordination for the project.

Tadmax said during this phase of project development, each party will bear its own costs associated with the project, including in the event that the parties do not proceed with the definitive agreement.

“The collaboration on TIP’s equity in the MoU between Tadmax and Worldwide Holdings is subject to and to be in accordance with the state of Selangor’s directives. This MoU may lead to a shareholders’ agreement between the parties.”

Last November, Tadmax inked a joint development agreement (JDA) with Korea Electric Power Corp (Kepco) for the power plant project following Tenaga Nasional Bhd’s pull-out from the deal. Kepco has expressed its intention to acquire 25% equity interest in TIP upon the successful implementation of the JDA.

Tadmax and Kepco’s role is to negotiate the engineering, procurement and construction contract, operations and maintenance contract, gas supply agreement, power purchase agreement together with Worldwide Holdings.

On Bursa Malaysia today, Tadmax fell 1 sen or 4.5% to 21 sen on 89,000 shares done.

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Tadmax, Worldwide team up for power plant project

Tadmax Resources Bhd has signed a memorandum of understanding (MoU) with Selangor state-linked company Worldwide Holdings Bhd for the development of a 1,000-1,200 MW combined cycle gas turbine power plant in Pulau Indah.

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Tadmax, in a filing with Bursa Malaysia yesterday, said subject to the Energy Commission’s approval, Worldwide intended to secure 30% equity interest in the project company, Tadmax Indah Power Sdn Bhd (TIP).

“The collaboration on TIP’s equity in the MoU between Tadmax and Worldwide is subject to and to be in accordance with the Selangor government’s directives,” it said. — Bernama

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Malaysia Landscape Architecture Award – Puncak Bestari 2, Village Park

Malaysia Landscape Architecture Award has accorded Puncak Bestari 2 Village Park with the Landscape Development Award (Honour Award) and Daunan Worldwide with the Landscape Masterplan Award (Merit Award) under Developer / GLC Category.

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The award presentation was held on Saturday, 21st April, 2018 at Majestic Hotel Kuala Lumpur. Worldwide Holdings Bhd Head of Property, Tn Hj Rosli Ismail is honored to receive the award during the event.

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Developed as gated residential development at Kuala Selangor, Puncak Bestari 2 is made out double-story houses with a specially designed park, Puncak Bestari 2 Village Park. The heritage – inspired neighbourhood park consists of passive and active recreational amenities which overlook a stunning lake. The development aims to support life and other lifestyle benefits by providing residents with the opportunity to interact with the natural area and create a landscape that counteracts the declines of green area as populations and urban areas continue grow. Offsetting this decline by building healthy, productive landscape “at home” is critical to sustaining life.

Puncak Bestari 2 harness the power of nature by crafting a park that offers wellness features, a wildlife habitat, as well as sufficient green spaces that create a cooling effect. The existing terrain lively grass and preserved forest present a place which indulges in the connectivity between people and nature, which include a pristine constructed lake, which complement the surrounding natural train, a breathtaking  forest, magnificently designed facilities, and lush greeneries.

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Mahabbah Walk 2018 kumpul dana RM45,000

SHAH ALAM: Yayasan Islam Darul Ehsan (YIDE) berjaya mengumpul dana sejumlah RM45,000 melalui penganjuran larian amal ‘Mahabbah Walk 2018’ sempena Hari Buah Pinggang Sedunia yang berlangsung di Taman Botani Negara, di sini, hari ini.

Ahli Lembaga Pengarah Pemegang Amanah YIDE, Ami Nardin Ishak berkata, dana yang diperolehi daripada penganjuran program itu akan digunakan untuk pembelian mesin dialisis bagi keperluan pesakit buah pinggang di Selangor.

“Alhamdulillah, penganjuran kali kedua ini dilihat lebih mendapat sambutan apabila kira-kira 700 penyertaan diterima berbanding 500 peserta pada tahun lalu.

“Kami juga berjaya mengumpul dana sumbangan daripada enam syarikat yang turut serta termasuk penganjur utama World Wide Holdings Berhad dan lain-lain,” katanya ketika ditemui pada program larian amal ‘Mahabbah Walk 2018’ di sini, hari ini.

Berkenan hadir menyertai larian adalah Raja Muda Selangor, Tengku Amir Shah.

Turut hadir adalah Pengerusi Majlis Agama Islam Selangor (MAIS), Datuk Mohamad Khusrin Munawi.

Beliau berkata, terdapat enam pusat dialisis yang diuruskan oleh MAIS dan setiap satu mempunyai kira-kira 12 mesin untuk kegunaan pesakit buah pinggang.

“Kos untuk satu mesin adalah RM45,000 dan kami memerlukan 20 mesin baharu bagi menggantikan mesin yang sudah lama,” katanya.

Sementara itu, seorang peserta yang juga pesakit buah pinggang, Nik Hamsah Mamat, 62, berkata beliau seronok dapat menyertai larian amal bersama rakan-rakan sekerjanya.

“Saya dikesan menghidapi sakit buah pinggang kira-kira dua tahun lalu dan pergerakan agak terbatas selepas itu kerana sering keletihan.

“Bagaimanapun, apabila diajak oleh adik dan rakan kerja lama, saya teruja dapat keluar dan menikmati udara segar di sini malah jika larian ini diadakan tahun hadapan, saya ingin menyertainya lagi,” katanya

 

 

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RAJA Muda Selangor, Tengku Amir Shah (empat dari kiri) bersama peserta menyertai Program Mahabbah Walk 2018 anjuran Yayasan Islam Darul Ehsan (YIDE) di Taman Botani Negara, Shah Alam. – Foto Faiz Anuar

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GS Jepun tandatangani RM1.26 billion kerjasama dengan Selangor

SHAH ALAM, 25 JAN: Dato’ Menteri Besar, Dato’ Seri Mohamed Azmin Ali menyaksikan satu lagi peristiwa penting dalam sejarah kerjasama antara GS Paper dan Worldwide Holdings, hari ini.

Mohamed Azmin berkata, kerjasama itu adalah manifestasi untuk mengekal dan mengembangkan lagi hubungan perniagaan antara Selangor dengan Jepun.

“Ini adalah kerjasama sinergis dan biarlah kami mengucapkan tahniah kepada kedua-dua pihak untuk mencapai kejayaan ini.

 

“Omeidetou gozaimasu! Kita menyambut baik GSSP dalam menjadi rakan kongsi dengan Worldwide Holdings Berhad.

“GSSP adalah rakan kongsi Selangor,” katanya.

Beliau berkata, secara ketara, perjanjian itu akan membuka jalan bagi pengembangan perniagaan kilang kertas GSPP bernilai RM1.26 bilion, di Kuala Langat.

Katanya, pelaburan Jepun di Selangor semakin berkembang dan terus menjadi dominan pelabur asing.

“Selangor terus menarik pelaburan dan akan menjadi hab bagi rantau ASEAN,” katanya.

 

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