Edra

Fauzi joined a chorus of strong criticisms against Rafizi , with Minister in the Prime Minister's Department Datuk Seri Rahman Dahlan calling it akin to an economic sabotage.

Independent power producer (IPP), Edra Power Holdings Sdn Bhd, is on track to build its pilot large-scale solar photovoltaic plant in Kedah by early 2018, with a generating capacity of 50 MWac.

In a statement today, Edra Power said, at 8.20am on Feb 2, the current transformer of Unit 1 at the plant's switchyard burst and caught fire.

This debt repayment and overall debt reduction is a tangible result of 1MDBs successful rationalisation plan.

1MDB has completed the asset monetisation of Edra Global Energy Bhd, with the exchange of shares for cash with a related party.

The Finance Ministry said this was achieved following the share sale and purchase agreement signed with CGN for the sale of 1MDB's 100 per cent ownership in Edra's energy assets on Nov 23 this year.

1Malaysia Development Bhd (1MDB) clarified the allegations made by former prime minister Tun Dr Mahathir Mohamad regarding the sale of Edra Global Energy Berhad.

1MDB's energy arm, Edra Global Energy Bhd, is disposing of all its assets to China General Nuclear Power Corp and its units for RM9.83 billion.

The 4B project is the development of a new 2,000MW to 2,400MW combined cycle power plant in Alor Gajah, Malacca.

The strategic investment company was in the process of negotiating the sale and purchase agreement (SPA) with the three final bidders for Edra Global Energy.

1MDB expects to rake in billions from equity sales in Edra Energy, from debt equity swap with an Abu Dhabi wealth fund and from land and equity sales in Bandar Malaysia.

Over the next few weeks, 1MDB will be conducting an evaluation of the offers received, including reviewing the terms and conditions of the definitive agreements proposed.

1Malaysia Development Bhd has started the land sale tender process for its 128.7 hectares in Pulau Indah, Selangor.

1Malaysia Development Bhd (1MDB) expects to shortlist preferred bidders to participate as development partners in Bandar Malaysia project before the end of this week.

Arul Kanda Kandasamy remains confident that 1MDB debts can be settled within six months.

As Malaysia prepares to roll out a targeted RON95 subsidy scheme next year, experts are raising concerns about implementation challenges.

China's trade restrictions on strategic minerals are starting to hit Western companies where it hurts.

French President Emmanuel Macron says he would name a successor to Barnier "in the coming days."

According to the superiority theory of humour, jokes originate when a person perceives himself as superior to others.

Upon inspection bloodstains were found on the floor and on the mattress belonging to the victim.

Datuk Seri Anwar Ibrahim says the country must defend every inch of its land to the fullest.

Singapore finished ahead of Norway, Canada and Denmark in the inaugural Blavatnik Index of Public Administration.

Datuk Aedy Fadly Ramli says all the relevant documents are accessible via the MyJPJ application.

Bill Nelson announces delays in NASA's Artemis program, postponing the return of astronauts to the moon for the first time since 1972.

The court also ordered Lim Guan Eng to pay RM30,000 to Datuk Tan Teik Cheng and RM40,000 to The Star Media Group Berhad in legal costs.