22/5/2014
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PETRONAS - YAYASAN SABAH'S JOINT VENTURE POWER PLANT ACHIEVES COMMERCIAL OPERATIONS
Kota Kinabalu:The PETRONAS Group achieved another milestone for its business in Sabah when PETRONAS Gas Berhad's subsidiary, Kimanis Power Sdn Bhd (KPSB), started the commercial operation of the first 100 MW block of its Kimanis Power Plant (KPP) in Kimanis on 16 May.
The KPP, one of several petroleum and energy related projects developed by the PETRONAS Group in Sabah, is expected to contribute significantly to the reliability and security of power supply in the state, once fully operational.
The three-blocks, 300 MW gas-fired power plant is a key project in the 'Power Up Sabah' initiative, established under the Malaysian Economic Transformation Plan (ETP). The plant utilises natural gas from offshore Sabah.
Besides strengthening the Sabah electricity grid, the successful start of the commercial operations is a significant milestone in providing a reliable source of energy towards supporting the state's economic growth.
A joint venture between PETRONAS PGB and Yayasan Sabah's subsidiary NRG Consortium (Sabah) Sdn Bhd, the plant's first block's commercial operations date (COD) of 16 May 2014 was within the targeted schedule announced in February this year.
Chairman of KPSB Yusa' Hassan said that this achievement was a significant milestone for the company after many months of meticulous planning and hard work.
"With KPP's first 100 MW block operational, KPSB remains focused on achieving the COD for the plant's second and third 100 MW blocks in the third quarter of 2014.
"We would like to express our gratitude to our partners and stakeholders who have worked very closely with us and supported us towards achieving this important milestone. The spirit of cooperation and mutual understanding is something we treasure," he said.
PGB owns 60 per cent of KPSB while NRG Consortium owns the remaining 40 per cent.
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