SIME Darby: Bakun losses may balloon to RM1.7b.
Sime Darby: Bakun losses may balloon to RM1.7b. Sime Darby has incurred around more than RM1b in total cost overruns from carrying out the civil works contract for the Bakun hydro-electric project, sources said. One estimate puts the total cost overrun figure in the region of a whopping RM1.7b, almost the same size as the Sime Darby’s actual Bakun contract of RM1.8b that it had secured back in 2002. In an emailed reply, the company merely said that it had made provisions to the tune of RM130m for its share of the cost overruns in the Bakun project. (Source: The Star)
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