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LEADER INKS POWER PURCHASE AGREEMENT & IMPLEMENTATION AGREEMENT IN CAMBODIA

Written By vibykhmer on Friday, September 18, 2009 | 1:27 AM

Bernama - Friday, September 18

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, 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

PJR TOM

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