Clarification on cost overrun at Bakun. Following on from our bulletin board comment yesterday and news update on 5 May regarding media reports that Sime Darby has incurred RM1-1.7bn in cost overruns from the Bakun hydro-electric dam project, we highlight that Sime Darby has a 35.7% stake in the Malaysia-China Hydro JV consortium and that construction works are already 96% completed.
Sime Darby Berhad : Clarification On Cost Overrun At Bakun - 7/5/2010
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