Genting disposes of stake in FPEC to SDIC Power for RM355mil


Genting had said Genting Sanyen Power Sdn Bhd was well-maintained and could continue to be operated efficiently beyond 2016.

PETALING JAYA: Genting Bhd has completed the disposal of its 724MW coal-fired power plant in Fujian, China for 694 million yuan (RM355.3mil).

In an announcement yesterday, the company which has its mainstay in the gaming business, said it sold its indirect 51% stake in the Fujian Pacific Electric Company Ltd (FPEC), which owns and operates the Meizhou Wan power plant, to SDIC Power Holdings Co Ltd.

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