Azman: ‘It makes sense for the EC to allow TNB to adjust upwards the levelised tariff to into account interest rates and forex that have changed.’
A steep selldown on Thursday showed just what investors thought of TNB taking over the 2,000 MW greenfield power plant from 1MDB and the national utility company has to assuage fears that the deal is not favourable to it.
TNB president and CEO Datuk Azman Mohd says the takeover of project 3B is not a bailout of 1MDB.
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