THE latest twist in the plans to list Edra Global Energy Bhd is that it will likely exclude the not-so-lucrative Project 3B (a 2,000MW coal-fired power plant project) and entail an earlier start of the 2,400MW power plant in Malacca that had been awarded to Edra’s parent 1Malaysia Development Bhd (1MDB) last year, source say.
Project 3B is being handed to Tenaga Nasional Bhd
(TNB), something which had been speculated for some time, while Edra is fast tracking the 2,400MW plant in Malacca by working with its consultants to churn out the request for proposals for parties to work on building the new plant. TNB and 1MDB did not respond to questions from StarBizWeek.
