Bloomberg News

Malaysia Sovereign Wealth Fund Agrees to Solar Tariff, Star Says

March 17, 2014

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.

To contact Bloomberg News staff for this story: Feifei Shen in Beijing at fshen11@bloomberg.net

To contact Bloomberg News staff for this story: Feifei Shen in Beijing at fshen11@bloomberg.net


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