The Board of Directors of Mudajaya is pleased to announce that Mudajaya Corporation Berhad, a wholly-owned subsidiary of Mudajaya has on 30 June 2022, accepted the letter of award to undertake the Preparation and Construction of Earthworks and Associated Works to the Designated Platform Level and Access Roads to Project Site on Lot Nos. 5207 & 5215 (New Lot Nos. 2124 & 2128), Mukim Gurun and Lot No. 5206 (New Lot No. 2123), Bandar Gurun, Daerah Kuala Muda, Kedah Darul Aman for a 1200MW Combined Cycle Gas Power Plant in Gurun, Kedah (“the Project”).

The contract sum for the Project is approximately RM104 million.  The Project is targeted to be completed by August 2023 with a construction period of 14 months from the date of the letter of award.

The Project is expected to contribute positively to the Group’s earnings for the financial year ending 31 December 2022 onwards.

None of the directors or major shareholders of Mudajaya or persons connected with them has any direct or indirect interest in the Project.

This announcement is dated 1 July 2022.