GE and Sabah firm said to be close to RM750mil geothermal plant deal


PETALING JAYA: 1Malaysia Development Bhd (1MDB) and General Electric (GE) are among three companies currently in talks to develop the country's first geothermal plant in Apas, Tawau.

The third company in the venture, tagged at between RM750mil and RM800mil, is a Sabah-based green energy company which has inked a power purchase agreement with Sabah Electricity Sdn Bhd.

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