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.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , 1MDB , Tenaga Nasional Bhd , Solar plant

Next In Business News

YTL Cement launches RM2.60 offer for CEPCO after securing 53.5% stake
Malaysia’s manufacturing sector returns to growth as PMI rises to 50.7
Malaysia's electricity rebates fall to 0.47 sen/kWh for April
Chengdu seen as frontier for Malaysian exporters
Sime Property awards additional RM658.01mil hyperscale data centre works to IJM
Bursa joins surge in global stocks as Trump lays out timeline to leave Iran
Asia's factory activity slows on cost pressure from Iran war
Japan's Nikkei jumps 4% on Trump's talk of timeline to end Middle East war
Asia markets rally on optimism Iran war could end soon
Ringgit opens higher vs greenback as US signals Iran exit

Others Also Read