Close YTL Power-1MDB race for RM11bil power plant explains delay in award

PETALING JAYA: The decision to award the RM11bil Project 3B to build a 2,000 megawatt (MW) coal-fired power plant is “going down to the wire,” with the main contenders YTL Power International Bhd and 1Malaysia Development Bhd (1MDB) in a neck-and-neck race, according to sources.

Sources said while it was widely believed YTL Power would be the likely winner, there was now the possibility that the Energy Commission (EC) could be opting to pick 1MDB as the winner.