Category: News

Sr7 Billion Deals Signed For Water, Power Projects Sr7 Billion Deals Signed For Water, Power ProjectsArab News  RIYADH – A consortium comprising ACWA Power Projects, Gulf Investment Corporation and Mitsubishi Corporation signed here yesterday a series of agreements with Water and Electricity Co. (WEC) for the setting up of the Shuqaiq Independent Water and Power […]

Unleashing Its True Potential Unleashing Its True PotentialMacquarie Research Equities  Event We initiate coverage on Zelan Bhd with an Outperform rating and a target price of RM14.00, representing upside of 56%. Impact Zelan ready to take on the world. Exciting times lie ahead for Malaysia’s power plant construction specialist, Zelan. Having established a successful track […]

Moving Up Value Chain Moving Up Value ChainAsia Pacific Market  We initiate coverage on Zelan with a BUY recommendation and a RNAVbased target price of RM13.00. The construction company is in a sweet spot – profit margin to expand as it moves up the value chain in power plant construction and benefiting from new plant […]

Zelan Bids For Indon, Botswana Projects Zelan Bids For Indon, Botswana Projects KUALA LUMPUR: Zelan Bhd is bidding to build new power plants in Indonesia and Botswana, which would have a combined power generation capacity of 1,800 megawatts (MW), chief executive officer Albert Chang said. The company has started work on the RM2.1bil two 300-MW […]

Zelan Gets RM2b Indonesia Job Zelan Gets RM2b Indonesia Job KUALA LUMPUR: A consortium led by Zelan Bhd has clinched a US$560mil (RM2bil) engineering, procurement, construction and commissioning (EPCC) contract for a new power plant in Indonesia. The work, expected to last 33 months, is for a two 300-MW coal-fired turbines in Rembang, Central Java. […]

Zelan Gets Rm938m Saudi Job Zelan Gets Rm938m Saudi Job Zelan Bhd has secured a RM938 million contract for a substantial portion of the onshore and offshore civil works for Saudi Arabia’s water and power plant project in Shuqaiq. It said on Feb 2 that phase two of the Shuqaiq project was awarded to Zelan […]

Tronoh Gets Rm308m Job Tronoh Gets Rm308m Job Tronoh Consolidated Malaysia Berhad has been awarded RM308.14 million contract for the construction of the Sidra Tower office and service apartments at the Dubai Internet city in the United Arab Emirates. In a statement on Dec 8, Tronoh said its wholly owned subsidiary Zelan Holdings (M) Sdn […]

Zelan Gets Ok For Terminal Project Zelan Gets Ok For Terminal ProjectThe Star   PETALING JAYA: Zelan Bhd has received a letter from the Prime Minister’s Department saying that the Government has agreed, inter alia, that the development project of the integrated transport terminal at Gombak, Selangor would be implemented by the 95:5 joint venture […]

Consortium Wins $360m Contract Consortium Wins $360m Contract Kuala Lumpur. A consortium of four Malaysian firms has won a construction contract worth 1.32 billion ringgit ($360 million) in the UAE, the companies said, yesterday. Tronoh, IJM, LFE and Sunway Holdings will have equal interest in the consortium, which will design and build five towers and […]