Reviewing our projects in Malaysia, we are pleased to report the smooth execution of works at the 3x700MW Coal-Fired Tanjung Bin power plant. This is the largest coal-fired power plant in Malaysia. Prudent execution and sound project management have resulted in the first unit achieving its Commercial Operation ahead of schedule in September 2006. The second unit was also delivered early with the Commercial Operation being achieved in February 2007. Progress on the third unit and final operation is targeted for completion in August 2007.

I am also pleased to report that we have made significant progress in the construction of the world's longest free steel span column hangar. This is the Airbus A380 MAS hangar, located at Kuala Lumpur International Airport, spanning over 231 metres in length. We are now in the final stages of works and have recently concluded lifting of the 7000 metric-tonne steel roof.

The lifting presented a significant engineering challenge requiring accurate precision and detailed technical design and careful coordination; executed over months of careful planning and preparation. It is encouraging to see that we have successfully achieved this impressive feat. The experience gained from this project and our work at Tawau Airport will place us in good stead to bid competitively for other airport and hangar jobs in Asia.

Moving to India, during the year under review, construction of the first 300MW coal-fired unit worth RM766 million for Lanco Amarkantak Power Plant Limited (LAPPL) is progressing smoothly. Boiler lifting was completed in February 2007, while boiler erection is currently being undertaken. The second 300MW coalfired unit, valued at RM782 million, achieved financial close on September 2006 with work also progressing smoothly.

Our Abu Dhabi-based Middle East operations have also yielded significant results despite having only established its presence in the region 2-years ago. In the United Arab Emirates (UAE), the additions to our order book come from the design and build of five towers with associated podium and seven villas at Al-Reem Island, Abu Dhabi in consortium with IJM Construction Sdn Bhd, Sunway Builders Sdn Bhd and LFE Engineering Sdn Bhd. Also during the year under review, we secured the design and build of the Sidra Tower Project in Dubai. Al-Reem and Sidra are each valued at RM300 million (Zelan's portion of works) and RM280 million, respectively.

In Saudi Arabia, the ECU unit secured RM90 million worth of design and build offshore civil works at the Shuaibah III Power and Water Desalination plant from Doosan Heavy Industries and Construction Company. Building on this momentum, we also successfully clinched another project in Saudi Arabia - the US$1.45 billion Shuqaiq II Independent Water & Power (IWPP) Plant. Zelan's portion of works at the plant consists of the design and build of the intake box culverts, discharge channel, fuel oil supply facilities, the ash disposal facility and all other onshore works, amounting to RM900 million. This contract was awarded to us by Mitsubishi Heavy Industries (MHI). Despite challenging conditions, work on Shuaibah III is progressing as per schedule.

In ensuring adequate resources and expertise for our Middle East operations, we have incorporated a new internal resources support concept - the Global Resources Support system. With this system, we can provide more effective engineering and commercial support to ensure successful project management from design and execution to completion.

In the ASEAN region, we succeeded in penetrating Indonesia's power sector when, together with local partner PT Priamanaya Djan International, we successfully bid for and won the 2x300-400MW (coal-fired) power plant project in Rembang, Central Jawa.

Rembang represents a significant breakthrough, as we are the only ASEAN company to be successful in this bid. Despite the presence of more established Korean, Chinese and Indian contractors; we were awarded this contract on 21 March 2007 by PT Perusahaan Listrik Negara (PLN), Indonesia's national power provider. Rembang will be the first power plant EPC contract in Indonesia undertaken by a Malaysian company.

However, the true measure of Rembang's value is the positive recognition it delivers to the Group as a full-fledged EPC contractor. With our newly acquired EPC status, coupled with our excellent relationships established over the years with both international equipment suppliers and trading houses, we are in a good position to be invited to collaborate and participate jointly in bids internationally.

At present, these secured contracts have strengthened Zelan's construction order book to RM4.5 billion; which records a quantum jump compared to the previous year's RM1.2 billion.

In tandem with the growth of ECU's business and engineering capabilities, the unit has continued to priorities safety and the environment as key to its business. Both are pivotal to the way we operate and execute our projects. ECU adheres to the highest standards and regulations in this area and continuous company-wide efforts are made to ensure a safe working environment. At the same time, the unit has given great care and effort towards improving its existing ISO 9001 quality system. The goal is to develop a comprehensive plan to achieve ISO14000 and ISO18000 accreditation within the next two years.

ECU realizes the importance of human capital as a core competency to bring the unit to a higher level. Currently, the unit possesses a multi-national, multi-discipline workforce, contributing to a rich talent pool. This diverse human capital is a valuable asset to us as it allows us to implement cross learning, knowledge sharing and promotion of best practices; as well as the exchange and exposure of ideas across our international operations. This will only improve competence and competitive ability. In addition, this is a means to expose the Malaysian workforce to the global environment and to hone their ability through exposure and opportunity.

Recognizing the importance of talent management, the Group has put in place strategies to recruit, develop and retain our people across our international operations.