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).

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


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!
   

Next In Nation

Willing to pay a little more for better service
Bank clerk duped by fake cops and prosecutors in ‘insurance’ scam
Raising the bar for public healthcare
Johor’s busiest hospital to get facelift over next two years
Fatal crash involving lorry, tour bus on NSE causes 10km traffic crawl
Lives destroyed: Cases against Najib and family built on lies, says son
Christmas tree bursts into flames at Subang Jaya mall
Russia considers launching direct flights with Malaysia, Brazil, Pakistan, says minister
Covid-19, influenza cases under control in Malaysia, says Health Ministry
Driver killed after hitting power pole near Kuala Penyu, Sabah

Others Also Read