TNB said the acquisition was made after it received the Energy Commission and the Government
PETALING JAYA: Tenaga Nasional Bhd
(TNB) has acquired a 51% stake in SIPP Energy Sdn Bhd’s Johor-based unit Southern Power Generation Sdn Bhd (SPG), a company that was given the nod to build a 1,440 MW power plant in Pasir Gudang, Johor, last September.
The national utility company inked a share sale and purchase agreement (SSPA) with SIPP and a shareholder’s agreement with both SIPP and SPG yesterday to buy the stake for RM51.
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