Mudajaya associate, PTC India inks 3-year power deal

KUALA LUMPUR: Indian independent power producer RKM Powergen Pvt Ltd, an 18.93 per cent associate company of Mudajaya Corporation Bhd (MCB), has entered into a pilot agreement for procurement of power with PTC India Ltd to supply 550 MW of power for a period of three years.

MCB is a wholly-owned subsidiary of Mudajaya Group Bhd.

In a filing with Bursa Malaysia today, Mudajaya said RKM Powergen was expected to start supplying power from February 2019 after obtaining the necessary approvals from the relevant agencies and authorities.– BERNAMA

Source: NST