KOTA KINABALU: A local group Megaworld Vest Sdn Bhd and Gezhouba Group from China plans to embark on a joint venture to build a RM4 billion hydro power generation plant capable of producing up to 1,000 megawatt in Liwagu, Ranau.
The proposed project is in line with the vision of the Government to introduce and build more renewable power supply infrastructure in Sabah, to gradually replace the present gas and diesel-fired power plants due to the exhaustion of gas production in Sabah in the near future.
Gezhouba is the main contractor that built the 22,500 megawatt Three Gorges Dam in China, the biggest hydro power dam in the world.
Chief Minister Datuk Seri Panglima Haji Hajiji Hajiji Haji Noor was briefed on the proposal during a courtesy call by a joint delegation from Megaworld Vest and Gezhouba led by Megaworld Vest Chairman Datuk Seri Arsit Sedi at his office in Menara Kinabalu here on March 13.
Also present were Megaworld Vest Director Datuk Maijol Mahap, its Managing Director Ir Herman SK Lee, Melvin Lee, Rachel Lee, Jimmy Tang.
The Chief Minister said the State Government always welcome investors to come and invest in Sabah in line with its investor-friendly policy. -pr/BNN
