Sale of IPPs to China-Qatar group 'goes against policy'

comments     Shakira Buang     Published     Updated

State investment arm 1MDB’s sale of independent power producers (IPPs) held under its subsidiary Edra Global Energy Bhd to China General Nuclear Power Corp (CGN Group) violates Malaysia’s policy restricting the sale of strategic assets to foreign companies, PKR says.

The sale of the IPPs to the China-Qatar consortium would lead to more of such contracts being negotiated with foreign companies, PKR secretary-general Rafizi Ramli said at a press conference today.

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