TNB president and CEO Datuk Azman Mohd stressed that the takeover of Project 3B was not a bailout of 1MDB.
PETALING JAYA: The weaker ringgit might have increased the cost for Tenaga Nasional Bhd
(TNB) to undertake Project 3B, a coal-fired power plant it is acquiring from 1Malaysia Development Bhd (1MDB), analysts said.
This could be the reason why the utility firm is seeking to raise up to RM10bil through an Islamic bond issue.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
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!
