Malaysia Sovereign Fund Pays $2.8B For Power Assets
Tanjong Energy owns eight power plants outright and has stakes in five more across Malaysia, Egypt, Bangladesh, Pakistan, Sri Lanka and the United Arab Emirates, with total generating capacity of 3,951 megawatts. It is owned by Ananda Krishnan, the Malaysian magnate worth an estimated $9.5 billion.
“The acquisition signals the first step towards fulfilling 1MDB’s strategic intent...
To view the full article, register now.