PRIVATISATION
State utility, Tenaga Nasional Bhd, which has embarked on a programme to divest its power generation assets, is to press ahead with efforts to develop its vast land assets.
Two of the seven Tenaga plants earmarked for divestment have already been sold: a 330 MWe gas-powered plant in Malacca to Powertek Bhd, and the much larger 2.42 GWe Kapar plant in Selangor to Malakoff Bhd. Tenaga is in the process of evaluating bids for a third, the 729 MWe plant in Pasir Gudang, Johor. Tenaga began selling its power plants two years ago, when the government decided to implement a power pool, from which electricity could be traded and made available directly to industrial users.