1MDB is aggressively looking to be a major player in the Sabah power sector, eyeing a new hydro power plant with a 780MW capacity.
PETALING JAYA: 1Malaysia Development Bhd (1MDB), which is in the limelight for a host of reasons, is poised to be a major player in the Sabah power sector.
The state that is starved of energy, is looking at three new power plants with 1MDB expected to secure two. The plants under 1MDB’s belt are a 400MW gas-fired plant and a 780MW hydro plant in Ulu Padas. The gas plant is to be located either in Lahad Datu or Sandakan.
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