TNB completes buying 30% of India’s GMR Energy for US$300mil

Jimah Power East Sdn Bhd, a unit of state-owned utility Tenaga Nasional Bhd (TNB), has started marketing RM10bil of the notes even after anti-government protesters took to the streets amid an investigation into Prime Minister Datuk Seri Najib Tun Razak

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has completed the acquisition of a 30% stake in Indian power company, GMR Energy Limited (GEL), for US$300mil.

The strategic investment in GEL will be made via its wholly-owned subsidiary, Power and Energy International (Mauritius) Ltd (PEIM), TNB said in a statement yesterday.