M’sia poised to develop Asean power sector with CGN’s Edra purchase

KUALA LUMPUR: The recent RM9.83bil acquisition of Edra Power Holdings Sdn Bhd (Edra) - itself the largest single foreign investment in Malaysia -- by China General Nuclear Power Corporation (CGN) puts Malaysia in a strong position to develop Asean’s power sector, Edra president and executive director Datuk Mark Ling said.

He told Bernama that Edra, backed by CGN’s capitalisation of US$60bil, was now able to link through the Trans-Asean grids from the Philippines to Sabah, down to Sarawak and Sumatera.