CIMB Research expects revised terms for Tenaga in Track 3B deal

KUALA LUMPUR: CIMB Equities Research expects Tenaga Nasional should be given revised terms if it takes over the mandate to build the 2,000MW coal-fired power plant Track 3B from 1MDB.

The research house said the revised terms were likely as the previous bid by 1MDB suited the latter company’s capital costs and returns, not Tenaga’s.