his is Edra Global Energy Bhd's Powertek plant in Teluk Gong, Malacca. 1Malaysia Development Bhd (1MDB) sold Edra's entire energy assets to China General Nuclear Power Corp (CGN). - The Star filepic
PETALING JAYA: Edra Energy Sdn Bhd, a company that used to be under 1Malaysia Development Bhd (1MDB) indirectly, managed to garner a AA3 rating with a stable outlook for a Islamic bond issue to build a power plant.
The rating for the RM5.28bil Islamic debt issue came amidst concerns that the technology used in the construction of the gas fired power plant, with a capacity of 2,242 MW, was untested.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!
