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Malaysia's Genting and Tenaga enter 1.1 billion dollar power venture.
(From Agence France Presse)
Malaysia's Genting Bhd and power giant Tenaga Nasional Bhd are planning to build a 1,400 MW coal-fired power plant at a cost of around four billion ringgit (1.1 billion dollars).
The Edge business newspaper said, citing sources, that the plant could either be built on Langkawi island, in the northern Kedah state or near Kuantan Port in the central Pahang state.
Genting, through its 97.7 percent owned subsidiary Mastika Lagenda, will have a 70 percent stake in Sepang Power Sdn Bhd, the company that holds the licence for the new power plant, the newspaper said.
The Edge said Tenaga would hold the balance of 30 ...
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