1MDB plans giant solar farm

Powertek Bhd's third power plant at Telok Gong, Melaka

PETALING JAYA: 1Malaysia Development Bhd (1MDB) is believed to have formed a 60:20:20 joint venture to undertake the country’s largest 50MW solar farm in Kedah.

Sources said 1MDB would be taking a 60% stake, with Tenaga Nasional Bhd (TNB) taking a 20% stake and the remaining 20% believed to be taken by its technology provider, a US-based company.