1Malaysia Development Berhad (1MDB)
Company description
1Malaysia Development Berhad (1MDB) is a strategic development company, wholly owned by the Government of Malaysia. 1MDB was established to drive strategic initiatives for long-term economic development for the country by forging global partnerships and promoting foreign direct investment.
1MDB focuses on strategic development projects in the areas of energy, real estate, tourism and agribusiness.
1MDB is currently involved several high-profile projects such as the Tun Razak Exchange, Tun Razak Exchange's sister project Bandar Malaysia and the acquisition of three Independent Power Producers.
Company details
Participation in projects
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The company has not participated in any projects.
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Company updates
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November 06, 2015
Updated - Two bidders target 1MDB’s energy assets in Malaysia
1Malaysia Development Bhd., Malaysia's state investment company that nearly defaulted earlier this year, has received bids for its energy unit.
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July 24, 2015
Tenaga makes indicative bid to acquire power assets of 1MDB
Tenaga Nasional Berhad (TNB) has submitted an indicative non-binding proposal to acquire five domestic and eight international power assets of 1Malaysia Development Berhad (1MDB)'s Edra.
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March 30, 2015
1MDB seeks partners for 2,000 MW Project 3B
Jimah East Power Sdn Bhd, a joint venture (JV) between 1Malaysia Development Berhad (1MDB) and Mitsui & Co Ltd, is seeking partners to develop Project 3B, a 2000 MW coal-fired power plant in Negeri Se...
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September 25, 2014
Malaysian companies to build power plant in Bangladesh
Tenaga Nasional Berhad (TNB) has announced the execution of Memorandum of Understanding (MOU) dated 22 September 2014 held in Dhaka between a consortium of TNB & Powertek Berhad (PB), a subsidiary...
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July 24, 2014
Malaysia's Tenaga National signs PPA for power deal with 1MDB, Mitsui
Tenaga Nasional Bhd (TNB), the largest Electric utility company in Malaysia, has signed a power purchase agreement (PPA) with Jimah East Power Sdn Bhd, relating to a coal-fired power plant with a capa...
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July 11, 2014
1Malaysia Development Bhd hires advisors for IPO
Deutsche Bank and Goldman Sachs, as well as two local banks Maybank and AmBank are understood to be advising on the upcoming IPO of 1Malaysia Development's power assets, with the deal estimated to be...
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