PETALING JAYA: The Energy, Green Technology and Water Ministry (KeTHHA) came up with an explanation on why it awarded a 2,000-megawatt (MW) gas-fired power plant project to 1Malaysia Development Bhd (1MDB) seven years ahead of its commissioning in 2021, which is unprecendented in the local industry.
KeTHHA, in a written reply to parliament last Thursday, said that 1MDB was awarded the project to be located in Malacca through direct negotiations because of its track record, to maintain a reserve electricity margin of 25.8% level for that year and after taking into consideration the national interest of the country as a whole.
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