12 April 2010
KUALA LUMPUR: Cahya Mata Sarawak Bhd (CMS), which sees exciting times ahead with the implementation of the Sarawak Corridor of Renewable Energy (SCORE), is looking at raising funding on a non-recourse basis for its 40% share of the aluminium smelter at Samalaju.
Managing director Datuk Richard Curtis said negotiations for a power purchase agreement for the Salco (Sarawak Aluminium Company Sdn Bhd) aluminium smelter were ongoing and once concluded, final feasibility studies on the design, construction, commissioning and operation of the smelter would commence.
“Negotiations between CMS, Rio Tinto Alcan and Sarawak Energy Bhd to finalise a power purchase agreement for the Salco smelter are ongoing,’’ he told StarBiz in an email reply.
“Progress is being made towards a mutually agreeable set of terms that will underpin a long-term relationship spanning decades. While these negotiations have taken longer than initially expected, it is important for all parties to work through the details of the contracts to ensure that they stand the test of time.’’
Read more at: http://biz.thestar.com.my/news/story.asp?file=/2010/4/12/business/6011782&sec=business
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