Zelan Gets Letter Of Intent From Mudajaya For Rm300m Civil Works

Zelan Gets Letter Of Intent From Mudajaya For Rm300m Civil Works
Bursa 

Zelan Berhad ("Zelan") has, on 27 October 2011, received a Letter of Intent from Mudajaya Corporation Berhad ("Mudajaya"), who is a member of the Consortium comprising Alstom, Mudajaya and Eversendai ("Consortium"), whereby Mudajaya confirmed its intention to subcontract portion of the civil works to Zelan with a total value of not exceeding RM300 Million.

Subject to inter alia the Consortium being appointed as the main engineering, procurement and construction contractor (EPCC) by Malakoff Corporation Berhad or its subsidiary for the 1 x 1000MW Tanjung Bin Coal Fired Power Plant Expansion project, and the subcontract price being competitive and acceptable to Mudajaya.

The letter of intent will remain valid for 9 months or up to the Consortium's receipt of the letter of award and notice to proceed, whichever is earlier.