August 10, 2012

Will 1MDB buy over YTL Power's Paka and Pasir Gudang operations?

The New Mega IPP?
Seems 1MDB is in a hurry and feeding frenzy to gobble up IPPs in Malaysia.

First, they took over Ananda Krishnan's  Tanjong's power operations.

Now, they are in the process of trying to take over Genting Sanyen Power profiting the Genting Group.

So, what is left of the IPPs?

Yes to fell to 1MDB?
The biggest one is under Syed Mokhtar called Malakoff en-route for re-listing on the bursa.

The Southern Megalith 
So, when do you think they will take over YTL Power's assets in Paka and Pasir Gudang?

Note the word, "When".

Knowing Francis, he may give it away if the price is right and concentrate on foreign power and utilities acquisition.

Powering the Eastern Seaboard
After all the current rates for Pasir Gudang and Paka will come for negotiation only in 2015.

So anything can happen with 1MDB until then.

If the government wants to forever get rid of IPPs as a sad relic of the Mahathir era, maybe it is NOW!

But you will get a gigantic 1MDB IPP instead.....won't you?

Will that means no more over-pricing of tariffs to Tenaga?

You never know ......................

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