Project 3B’s Acquisition Will Enhance Shareholders’s Value Project 3B’s Acquision
- Not a bail out
- 2,000MW power plant with good prospect
Tenaga Nasional Berhad (TNB) is confident that its acquisition of the 1Malaysia Development Bhd’s 3B Project will enhance its shareholder’s value and bring positive value in the long term, said Its President/ Chief Executive Officer, Datuk Seri Ir. Azman Mohd.
“It is a greenfield power plant with good prospect and with the increased generation capacity of 2,000 MW upon completion of the Project, the acquisition will bring about positive value to TNB in the long run.
“Based on financial analysis, the Project is expected to have a positive impact on the earnings of TNB. It is not a bailout of 1MDB,” stressed Ir. Azman.
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