TNB GIVES SIPP ANOTHER MONTH TO SEAL JOHOR POWER PLANT DEAL

PETALING JAYA: Tenaga Nasional Bhd (TNB) is giving SIPP Energy Sdn Bhd a second extension to fulfill conditions under a shareholders agreement which will see TNB take over a 51% stake in a gas Turbine Power Plant. In a filing with the stock exchange, TNB said SIPP has another month to ensure requirements under the deal, which were not specified, are met. TNB agreed to acquire the interest in Southern Power Generation Sdn Bhd for RM51 on May 3....

TheSunDaily.my (Date:07/18/2017 09:13) Read full article >>

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