PETALING JAYA: Power utility giant State Grid Corp of China (SGCC) plans to invest some US$6bil–US$8bil to set up one of the world’s largest aluminium smelter plants (estimated to involve US$3bil) and three hydro-electric dams in Sarawak through a joint cooperation with 1Malaysia Development Bhd (1MDB).
The “package deal” for the joint cooperation agreement was privately signed recently between the two parties while a formal signing ceremony was scheduled for early next year, a source said.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
