Due diligence on 1MDB plant still ongoing


KUALA LUMPUR: Tenaga Nasional Bhd (TNB) is still conducting its due diligence to decide whether it will take up a stake in 1Malaysia Development Bhd’s (1MDB) Jimah East coal-fired power plant.

Chief executive officer/president Datuk Seri Azman Mohd said it had been offered the stake by 1MDB several months after the latter was controversially awarded the RM11bil 2,000MW project in February, then called Project 3B.

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Business , TNB , 1MDB , due , dilligence , plant ,

   

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