Power division. The next leg of growth for the power division would depend on acquisitions and management had previously expressed a target of doubling its current power capacity to 8,000MW over the next four to five years. This could include greenfield and/or brownfield projects with particular focus on regions such as South Asia, South East Asia, Middle East and North Africa. According to management, globally, the power industry appears to be showing signs of recovery from the economic crisis and greenfield projects that were previously deferred are now seeing a return. Tanjong’s preference is for greenfield projects and management has a target IRR of low-mid teens for greenfield projects in emerging markets.
Tanjong plc :Awaiting The Next Rerating Catalyst - 13/04/2010
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