KUCHING: SEB Power Sdn Bhd, a subsidiary of Sarawak’s power generation company Sarawak Energy Bhd, today signed the contract for the main civil work for the Baleh hydroelectric dam with the Chinese – Sarawak joint venture company – China Gezhouba Group Company Ltd (CGGC) and Untang Jaya Sdn Bhd.
The signing for the RM3 billion contract at Wisma SEB was witnessed by Deputy Chief Minister Tan Sri Dr James Masing and SEB chairman Datuk Amar Hamed Sepawi.
SEB CEO Sharbini Suhaili and SEB executive vice president James Ung signed on behalf of SEB Power while CGGC Malaysia representatives Xu Zhongguo and Huang MingXing signed on behalf of CGGC.
Untang Jaya director Michael Jawa and its managing director Rheineld Panyau signed on behalf of the Sarawak company.
CGGC has a 70% equity in the JV.
The contract work scope includes the construction of the 188m high concrete face rockfill dam, intake structure, spillway and penstocks.
Hamed said the design work would start this month with the construction work scheduled to begin in October next year.
The dam, which could cost SEB as high as RM8 billion, has a capacity to generate 1,285megawatt (Mw) of electricity.
Scheduled for completion in 2025, it was built to supply power to power guzzling industries in the state’s industrial belt known as the Sarawak Corridor of Renewable Energy (SCORE), like aluminium, ferro silicon and manganese alloys smelting plants are sited or are being set up.
Sharbini said financing for the dam would be generated internally and from from what is left of its inaugural sukuk Musyarakah bond.
The sukuk, issued in 2011, generated RM15 billion and SEB had so far drawn down RM9.5billion.
Hamed, in his welcoming address, said CGGC is an international company with an excellent track record having participated in the construction of over 100 hydro power projects around the world.
He described Untung Jaya, a Class A contractor based in Baleh, “truly represents our local participation” and in line “with our aims to support the state’s initiatives to maximise local and bumiputera content in our procurement and contracts”.
The Baleh dam is bigger than the recently commissioned 944Mw Murum dam, the first major dam built by SEB.
The 2,400Mw Bakun dam, the state’s biggest, was built by federal government-owned Sarawak Hidro Sdn Bhd.
All the three mega dams are all in the interior of Kapit division. – dayakdaily.com