Monday 5 December 2011

Tenaga-Malakoff in 25-year power deal

Tenaga Nasional Bhd, Malaysia’s state-controlled power distributor, signed a 25-year agreement with Malakoff Corp to purchase electricity from its 1,000-megawatt Tanjung Bin power plant when completed in March 2016.

Tenaga also signed a deal to sell coal for the plant with Malakoff, a unit of Kuala Lumpur-listed MMC Corp. -- Bloomberg



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