JAKS RESOURCES BERHAD

2021

Achieved COD for the second unit of the Hai Duong Power Plant in January
Shortlisted under the LSS4 to develop the new LSS solar PV plant in Peninsular Malaysia for Package P2(50 MW). Signed a Power Purchase Agreement (PPA) with Tenaga Nasional Berhad on 19 August. Achieved financial close on 15 March 2022.
MOU with Qhazanah Sabah Sdn Bhd to collaborate in the development of renewable energy plants, eg: solar and hydropower plants in Sabah
MOU with T&T Group Joint Stock Company to explore collaboration possibilities to develop the 1,500 MW liquefied natural gas (LNG) power project in Vietnam.

2016 - 2020

Monetisation of non-core property assets(2017)
Disposed of 51% stake in JAKS Island Circle Sdn Bhd ("JIC"), JAKS' property development arm(2020)
Achieved Commercial Operation Date (COD) of the first unit of the Hai Duong Power Plant on 24 November(2020)

2011 - 2015

Entered into IPP in Vietnam(2011)
Diversified into property development sector(2013)
Consolidated manufacturing plants and disposal of non-core assets(2014)
Entered into a JV with China Power Engineering Consulting Group Co Ltd ("CPECC") on a 50:50 basis for the IPP in Vietnam (JAKS' economic interest of 30%)(2015)
Secured US$454.5 million EPC contract for the IPP in Vietnam(2015)
Achieved financial close in end October(2015)

1987 - 2004

About Us