Wednesday July 8, 2020

Malaysian firm scraps Bord Gais unit bid

“Given the focus on new power plants and the experience we have in the regulated business here, we feel the focus should be in Malaysia."

11th October, 2013
Bord Gais unit bid scrapped

Tenaga, Malaysia’s biggest energy producer, has scrapped a bid for a unit Bord Gais Eireann, narrowing the field to two suitors.

Bord Gais’s retail and power generation division "might not be the one to fit us as we have other priorities", Fazlur Rahman Zainuddin, chief financial officer with state-owned Tenaga, said in an interview in Kuala Lumpur yesterday.

The remaining bids are from a group led by Viridian, backed by Macquarie...

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