By Zhang ML
Bernama reported recently that the “Special Purpose Vehicle” (SPV) company, set up for the purpose of undertaking the transmission line project to supply electricity from Sarawak to west Malaysia, has been purchased by Tenaga Nasional Berhad and Sarawak Energy Berhad, for a sum of RM16 million. They are each to have a 50% stake in the SPV.
It was also reported that 77 percent of the undersea high-voltage transmission line is planned to run across the sea bed of the South China Sea across Indonesian waters or territory.
The agreed price was said to have been arrived at after considering advances that had been made by Sime Darby to the SPV for the purpose of project studies, including the Environmental Impact Assessment (EIA) for the undersea cable. (more…)


























