ID :
80563
Fri, 09/18/2009 - 14:26
Auther :

M'SIAN COMPANY INKS POWER PURCHASE & IMPLEMENTATION AGREEMENTS IN CAMBODIA




KUALA LUMPUR, Sept 17 (Bernama) -- Leader Universal Holdings Bhd has entered
into a Power Purchase Agreement (PPA) with the Electricite du Cambodge (EDC), a
wholly state-owned limited liability enterprise incorporated by Royal Decree of
the Kingdom of Cambodia.

In a filing to Bursa Malaysia (Malaysian Stock Exchange), the company said
under the PPA, the EDC undertakes to purchase from Leader on a minimum take
basis of 86 per cent of dependable capacity per annum and other terms and
conditions as set out in the PPA.

On June 11, Leader signed a joint venture and shareholders agreement with
Cambodia International Investment Development Group Co Ltd (CIIDG) to build, own
and operate the 100 Megawatt coal-fired power plant in Sihanoukville via
Cambodia Energy Ltd, a joint-venture company between Leader and CIIDG, with a
percentage shareholdings of 80 per cent and 20 per cent, respectively.

Leader has also entered into an Implementation Agreement with the Cambodian
government to implement power projects.
-- BERNAMA

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