The Power Purchase Agreement (PPA) inked yesterday by Tenaga Nasional with Jimah East Power, bodes well for 1 Malaysia Development Bhd (1MDB) which is planning an initial public offering in the fourth quarter of this year.

Jimah East Power will build the eleven billion ringgit coal-fired power plant - better known as Track Three-B in Port Dickson, Negeri Sembilan.

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