KUALA LUMPUR, Malakoff Corp Bhd has signed a reservation agreement with Mitsubishi Power Ltd to secure two M701JAC gas turbines and generators for its planned 1,400MW gas-fired power plant in southern Peninsular Malaysia.
The agreement, signed last Friday, allows Malakoff to reserve manufacturing and delivery slots for the turbines and related equipment ahead of finalising its engineering, procurement, construction and commissioning (EPCC) contract.
Malakoff said the move helps mitigate supply chain risks and ensures timely project delivery. Detailed commercial terms will be revealed once the final supply agreement is signed.
The deal also gives Malakoff the option to reserve two additional turbines for another 1,400MW combined-cycle power plant planned in northern Peninsular Malaysia. Following the announcement, Malakoff’s shares rose six sen or 6% to RM1.06, valuing the company at RM5.3 billion. The stock has gained over 25% year-to-date.
