Four eye Edra Global; 1MDB has major stake in Edra


Yesterday, the Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili(filepic) confirmed that TNB was buying over 1MDB

PETALING JAYA: 1Malaysia Development Bhd’s (1MDB) divestment of its Project 3B to Tenaga Nasional Bhd (TNB), as confirmed by the minister in charge of energy, is only one part of the process to monetise the power assets.

The bigger plan that is taking shape is the possibility of a local company coming in as an investor or strategic partner into Edra Global Energy Bhd.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Business , 1MDB , Edra Energy , power , stocks , shares , utl , malakoff , CI Holdaings , klci , klse ,

   

Next In Business News

Powering on data centres
Medical insurance premiums on the rise
Kelington to reap the benefits of a diversified business strategy
Rising data centre ability
Making scents of success
Investors brace for 5% Treasury yields
Are there too many GPs and is the healthcare system overwhelmed?
Sapura Energy takes a step to turn the tide
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Singapore’s growth trajectory remains intact

Others Also Read