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Sarawak Energy receives financing for Murum project

Sarawak Energy has received RM450 million (US$132.2 million) in credit to finance the construction of its 944-MW Murum hydroelectric project in Malaysia, the company announced.

The additional financing is not expected to impact earnings or dividends for the year, the company said. Sarawak had earlier obtained RM1.45 billion (US$426 million) from a consortium of lenders to fund the project.

The additional funds will be used to part-finance the development and construction costs and other associated costs during construction, Sarawak said.

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