Petronas Gas to build RM541 mil pipeline for power plant in Pulau Indah

Petronas Gas Bhd (PGB) has approved a final investment decision for the construction of a new lateral gas pipeline costing RM541.07 million.

It added that the project was undertaken by its gas transportation and regasification business as part of the lateral expansion of the PGU, which is regulated under an incentive-based regulation (IBR) framework. “The IBR will determine the cost recovery of the project via a transmission pipeline tariff,” said PGB, adding that it would be using its Islamic financing facility from RHB Islamic Bank Bhd to fund the project cost.

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