1MDB said to shortlist Nebras, CGN Meiya for power plant sale

Kuala Lumpur

1MALAYSIA Development Bhd, the debt-ridden state investment company, has shortlisted bidders including Qatar's Nebras Power QSC and Hong Kong-listed CGN Meiya Power Holdings Co for its energy asset sale, people familiar with the matter said.

Saudi Arabia's Acwa Power International and Tenaga Nasional Bhd, Malaysia's biggest listed energy company, were also picked to submit final offers for 1MDB's power plants, the people said. The assets may fetch an equity value of as much as RM8 billion (S$2.6 billion), according to two of the people, who asked not to be identified as the information is private.