Costly power sector entry


  • Nation
  • Thursday, 17 May 2018

BUKIT BERUNTUNG, 20 April -- Presiden dan Ketua Pegawai Eksekutif 1MDB Arul Kanda ketika hadir ke Forum Kepochi di Dewan Banquet Siti Catering malam ini.--fotoBERNAMA (2018) HAK CIPTA TERPELIHARA

> 1MDB incurred a cost of RM18.79bil between 2012 and 2014 for its foray into the power-generation sector.

However, the asset was sold to CGN Power Corp for RM9.83bil in a rationalisation exercise undertaken by current chief executive officer, Arul Kanda Kandasamy (pic).

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Proposal for influencer, content creator code of ethics to be studied carefully, says Fahmi
Govt has resolved all financial obligations over 10 FGV with Terengganu, says Fahmi
Two who cheated air-crash death 48 years ago
Public reminded to prepare to face Northeast Monsoon
Anwar vows no protection for staff linked to corruption
Six men nabbed for suspected cargo, vehicle heists in Pahang
MCA Youth Run returns to KL for 70th anniversary, targets 2,000 participants
Sabah leaders hail Bung as vocal champion for the state
Anwar voices concern to PM Shehbaz over Pakistan-Afghanistan border situation
Eighteen Japanese, Chinese nationals charged with conspiring to commit online fraud

Others Also Read