February 22, 2012
HONG KONG, Feb twenty-two Malaysian tycoon Ananda Krishnan has put his entire energy portfolio in Malaysia, South Asia, the Middle East as well as Egypt up for sale in the understanding that could lift more than US$ 2 billion (RM6 billion), 3 sources familiar with the matter told Reuters today. Standard Chartered Plc has been hired to run the sale of stakes in about the dozen energy plants in Malaysia, South Asia, Egypt as well as the Middle East with the net generating genius of scarcely 4,000 megawatts (MW), the sources said.
The sources requested anonymity since they were not authorised to speak to the media.
Ananda Krishnan(picture)owns his energy assets through Tanjong Energy Group, which, according to Tanjong's website, owns as well as operates 8 energy plants as well as has investments in 5 energy plants in Malaysia, Egypt, Bangladesh, Pakistan, Sri Lanka as well as the United Arab Emirates with the total net generating genius of 3,951 MW.
Standard Chartered as well as Tanjong declined to comment. Reuters
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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