CORP BRIEF: Sarawak Energy, Komarkcorp and Star Media

Sarawak Energy, Petronas sign key term sheet for long-term electricity supply

PETROLIAM Nasional Bhd’s (Petronas) subsidiary, Malaysia LNG Sdn Bhd, signed a key term sheet with Syarikat SESCO Bhd, a subsidiary of Sarawak Energy Bhd, for electricity supply to its Petronas LNG Complex in Tanjung Kidurong, Bintulu. In a statement recently, the company said under the key term sheet, SESCO is committing to provide 90MW of electricity supply at 275kV to the Petronas LNG Complex from March 2024 for a term of 20 years. This will bolster clean energy consumption and decarbonise operations of the complex, in tandem with Petronas’ aspiration of Net Zero Carbon Emissions by 2050. Sarawak Energy’s electricity supply is predominantly renewable following Sarawak’s transition to renewable energy resources under the Sarawak Corridor of Renewable Energy, or SCORE, strategic initiative. Sarawak has recorded a reduction in carbon intensity for power generation by 68% from 2011 to 2019.

Komarkcorp’s unit receives LoI for 48m face masks worth RM19.7m

KOMARKCORP Bhd’s subsidiary, Komark Mask (M) Sdn Bhd, has received a letter of intent (LoI) from Poland-based Robayu Corp for a total of 48 million pieces of three-ply medical-grade masks valued at US$4.8 million (RM19.68 million). In a filing to the stock exchange yesterday, the company said the definitive agreement and purchase order is expected to be finalised and confirmed within 60 days, with the initial delivery slated to commence in the third quarter of this year. This is following the US Food and Drug Administration (FDA) certification received by Komark Mask for its three-ply disposable medical masks, which are now fully certified and listed on the FDA website last week. — Bernama

Star Media Group appoints Chor Chee Heung as new chairman

STAR Media Group Bhd has appointed Tan Sri Chor Chee Heung, 66, as its new chairman as well as its independent and non-ED, effective March 15, 2021. In a filing to Bursa Malaysia yesterday, Star Media said Chor, a lawyer by profession, was also the Alor Star MP between 1990 and 2013, and had served as the deputy home affairs minister, deputy finance minister, and the housing and local government minister. Prior to that, between 1996 and 2004, Chor was appointed as the parliamentary secretary in the Ministry of Transport.