consortium partners' equity possibly will be Sime Darby (60%), Tenaga Nasional (20%) and the Malaysian Ministry of Finance (20%). The consortium is exploring financing facilities of up to 80% of the planned investment. The cable is planned to transmit 1,600 MW of power from the Bakun Dam to Yong Peng, Johor by undersea HVDC power cables and then by land line onto the Malaysian National Grid. The use of HVDC cables would ensure that the energy loss is minimal, at about 5% to 6% only. The cost of the undersea cable is estimated at RM9 billion. The proposed concept is for two 800 MW cables being laid about 660 km under the South China Sea from the Sarawak shore to Yong Peng on Peninsular Malaysia. Sime Darby would take ownership of the submarine cable project but not undertake its construction. The contractor is rumoured to be Malaysian Resources Corporation Berhad (MRCB), a public listed company on the KLSE. The buyer of the electricity is Tenaga Nasional. The rate proposed is RM0.17 per kilowatt hour at the intake onto the National Grid. Analysts estimated that generation cost using world-market-rate natural gas would cost RM0.22 per kilowatt hour. A 4% increase every 4 years is envisaged over the 35-year concession period. On 7 January 2008, Sime Darby announced that they had appointed a financial adviser for the undersea power transmission project. However, the company did not name the financial adviser. After many delays, Sarawak Energy Berhad announced that the contract to build the submarine cable would be awarded in mid-2010 with international tenders to be called in early 2010. It was expected that the construction would be completed by 2015 at an estimated cost of MYR8 billion to MYR10 billion. However, the project has been shelved. Records Once completed: Bakun Dam will be the tallest concrete-faced rockfill dam (CFRD) in the world. Bakun Lake will be the biggest lake in Malaysia by storage volume. Bakun Lake will be the largest lake in Malaysia by surface area, even though it is not apparent on the map, owing to the narrow shapes of the various lake arms, as a result of its location in the highland valleys. Bakun Power Station will be the largest hydroelectric dam in Malaysia, surpassing the currently largest Pergau Dam. Bakun submarine power cable will be the longest in the world, surpassing the current Norway-to-Netherlands submarine cable. See also National