1MDB: Any power tariff hike has no links to Edra sale


KUALA LUMPUR: Any increase in electricity tariff has no links with the sale of 1Malaysia Development Berhad’s (1MDB) entire power assets under Edra Global Energy Bhd to China Nuclear Power Corporation (CGN).

1MDB president and chief executive officer Arul Kanda Kandasamy said it should not be an issue as the new owner must adhere to the existing power purchase agreements (PPA).

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