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Article: Zelan eyes stakes in overseas power assets
- Article from:
- New Straits Times
- Article date:
- May 31, 2007
- Author:
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Chong Pooi Koon
New Straits Times
05-31-2007
Zelan eyes stakes in overseas power assets
Byline: Chong Pooi Koon
Edition: Main/Lifestyle
Section: Business Times
Type: Company
ZELAN Bhd, a builder of power plants, is negotiating to buy key stakes in power assets in India, Indonesia and Middle East as it wants to add a stream of stable income to sustain its dividend payment, its chief said.
The company, which is 39.2 per cent owned by MMC Corp Bhd, hopes to achieve RM2 billion worth of equity investment in independent power plants (IPP) by 2010.
Such investments typically give an internal rate of returns of between 12 and 16 per cent.
"Our target is that within this year we must start having ...