Cost overrun at Bakun? According to a media report, Sime Darby has incurred more than RM1bn in total cost overruns from carrying out the RM1.8bn civil works contract for the Bakun hydro-electric project, with one estimate putting the overrun figure in the region of RM1.7bn. The discovery of the cost overrun is believed to be among the findings of the special taskforce within the group that was set up late last year to probe losses in its energy and utilities division.
Sime Darby Berhad : Cost Overrun at Bakun? - 5/5/2010
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