Malaysia Sovereign Wealth Fund Agrees to Solar Tariff, Star SaysBloomberg News
Sovereign wealth fund 1Malaysia Development Bhd. secured a tariff rate of 40 sen to 46 sen a kilowatt-hour for a planned 50-megawatt solar farm in Kedah, the Star reported.
The deal was set as a result of negotiations between 1MDB and the government, the newspaper reported online today, citing people it didn’t identify. 1MDB didn’t immediately respond to an e-mail and phone call requesting comment.
— With assistance by Feifei Shen