National Power drops Malaysian power plant deal

National Power of the UK has scrapped plans to invest in a Malaysian power plant project, saying the refinancing risks are too great.

Jim Regan

August 02, 2000

National Power of the UK has dropped plans to buy a 20% stake in Tenaga Nasional's 2,420 megawatt (MW) Kapar Power Station, owing to excessive refinancing risks. These stemmed from the fact Tenaga is providing three-year finance for the deal, which involves a 25-year lease on the power plant.

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