Electricity Utility Sector: Break The Mould

Electricity Utility Sector: Break The Mould

The electric utility, traditionally, is one of the most conservative and defensive sectors, with mostly government-controlled entities. After the opening of the sector, there is substantially private sector investment in both regulated and unregulated services.

Tenaga picks up 30% equity stake in GMR Energy’s select portfolio of assets

Tenaga picks up 30% equity stake in GMR Energy’s select portfolio of assets

The Management Committee of GMR Infrastructure Limited (GIL) has approved the proposed primary capital investment by Tenaga Nasional Berhad (Tenaga) in GMR Energy Limited (GEL). The investment represents 30% equity stake in a select portfolio of GEL assets on fully diluted basis, for cash consideration of $300mn. Tenaga is the largest power utility player in Malaysia […]