TNB told Bursa Malaysia that Pengerang Power would design, construct, own, operate and maintain a co-generation facility with a nominal capacity of 1,729MW in Pengerang, Johor.
PETALING JAYA: Tenaga Nasional Bhd
(TNB) has entered into a conditional subscription deal with India-based GMR Energy Ltd (GEL) to buy equity shares worth US$300mil (RM1.21bil) in the firm as part of its plan to secure new generation capacity internationally.
In a filing with the stock exchange yesterday, TNB said it saw the entry into India as an attractive investment opportunity because of its favourable economic outlook and stable political landscape, with a rapidly growing energy sector.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
