250,000 units of affordable houses targeted by Perbadanan PR1MA Malaysia (PR1MA) to be approved by its board of directors by year-end.
According to Chief Executive Officer Datuk Abdul Mutalib Alias, to date the board has approved 153,000 units in 110 locations nationwide except for Labuan.
“We have already received a total of 1,016,000 applicants so far for the PR1MA houses, and the demand is overwhelming,” he told Bernama at the balloting for the PR1MA@Cyberjaya 1 project recently.
The session was officiated by Treasury Secretary-General Tan Sri Dr Mohd Irwan Serigar Abdullah, who is also a board member of PR1MA.
PR1MA homes are targeted to middle-income Malaysians with an average monthly household income of RM2,500 to RM10,000, who are over 21 years old and do not own more than one property for individual or family.
Meanwhile, Abdul Mutalib denied that PR1MA houses, which are priced between RM100,000 to RM400,000, are getting too costly for the people.
“So far our house prices have not exceeded RM400,000, and for most projects the average price ranges between RM250,000 to RM300,000 a unit, with very few priced at more than RM350,000,” he said.
Although second-time buyers are allowed to apply for PR1MA homes alongside first-time buyers, weightage is given to the first-timers.
This gives an opportunity for those who already own a house located far from their workplace before PR1MA was established to own one at an ideal location, he added.
However, he noted that the ratio allotted to first-time house buyers compared to second house buyers could range from 9:1 to 7:3 depending on location, adding 90 per cent of applicants still do not own a house.
Abdul Mutalib said for 2015, a total of 6,240 units in eight projects will be balloted.
Source: Property Guru Malaysia 13 Jul 15
source: finchannel.com | 24 June 2015
The FINANCIAL — Saudi Aramco has achieved a landmark by energizing its largest Tie-in Platform with a 230 kilovolt 46 km submarine composite cable, the longest of its kind.
The Tie-in Platform, named ‘TP-20’ lies in the world’s largest offshore field, Safaniya, and energizing it was the first phase of long-term plans to upgrade the Safaniya offshore field, referred to as the Safaniya Master Plan.
TP-20 will be the main crude oil gathering and power supply hub for North Safaniya offshore field. It is designed to provide 152 megawatts (MW) of electric power via a 46 km, 3-core 230 kV submarine composite cable (power and fiber) from a Saudi Electricity Company, newly-built 380/230 kV onshore substation, according to Saudi Aramco.
This 46 km, 3-core 230 kV submarine composite cable is the longest of its kind in the world and was installed as a single piece without a field splice. Considering the value of equipment at stake, the laying of the submarine cable was an extremely critical and complex operation.
The entire length of the submarine cable was transported from the manufacturer on a single vessel, known as a deep water cable laying vessel. Then, with the help of a shallow water cable laying barge, the cable was installed from onshore to offshore TP-20.
With the complete 230 kV electrical substation, the weight of TP-20 exceeds 6,000 metric tons. This staggering load cannot be handled by an industry standard marine crane. Therefore, the installation of TP-20 was performed using a unique float-over method.
Careful measures and plans were developed to ensure successful construction and installation of the platform.
Subsequent to the energization of TP-20, TP-18 and the nine wellhead platforms in central Safaniya field were also successfully energized under the same project. TP-18 is designed to provide 62 MW of electric power being fed via a 44 km, 3-core 115 kV submarine composite cable from a newly -built 230/115 kV onshore substation.
A complete electrical power system is delivering power to Safaniya’s remote offshore loads and has increased crude oil production more than 70 MBOD from the central Safaniya field – all this after a complex and challenging commissioning operation.
Generally, most of Supply Contract (SC) in submarine cable industry are divided in the following parts;
Part 1 Terms and Conditions of Contract
Part 2 Price Schedule
Part 3 Technical Specifications
Part 4 Plan of Work
Part 5 Billing Schedule
Part 6 Contractors Documents
Part 7 Responsibility Matrix
Part 8 Permit Matrix
Once Supply Contract is signed; any changes in the Contract will be executed by CV – Contract Variations. It can be either positive CV, negative CV or zero CV.
For consortium type of submarine cable; prior signing of SC with Contractor; the Construction & Maintenance Agreement (C&MA) is signed by cable owner (project sponsor).
Once completed by end of 2016; AAE1 Submarine Cable System will be connecting 40% of world’s population.