In 2004, TNB sold its 40 per cent stake in Kapar IPP to Malakoff for RM1.7 billion. Now it wants to buy back that stake.
For how much?
Kow kow ma! Siapa kena pow here?! Ada Santa Claus ke?
According to the Business Times' report here, Malakoff wrote to the MoF about its plan to sell the stake back to TNB and the MoF subsequently asked TNB to consider it. I am assuming the article meant MoF II Nor Mohamed Yakcop and not MoF Najib Razak.
In any case, we notice that the MoF has been rather busy lately with headline-grabbing corporate proposals, including its proposal that Sime Darby takes over the IJN. Some said it was also the MoF's idea to give Sime Darby the RM1.7 billion job to construct an airport in Labu, which is NOT part of a government's 50-year masterplan on airport development. More on this later, perhaps ...