PKR: 1MDB's purchase of ageing IPPs questionable

20 Sep 2012 | 611 views

PKR has slammed the government's decision to purchase stakes in ageing independent power producers (IPPs) through 1MDB this year as "questionable" and not sensible.
According to the party communications director, Nik Nazmi Nik Ahmad, 1MDB paid RM8.5 billion to buy Tanjung Energy Holdings 
Sdn Bhd from Ananda Krishnan in March.

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Camera/Editing: Tan Jiun Wuu