Government silent as firm drops Bord Gáis bid

The Government has refused to comment on the effect that the withdrawal of Tenaga Nasional will have on the bidding process for the sale of Bord Gáis.

The Malaysian state power firm Tenaga Nasional has scrapped its bid for the retail arm of Bord Gáis, the Southeast Asian firm’s chief financial officer said yesterday.

“We want to focus on our current projects, especially domestic ones,” Fazlur Rahman Zainuddinhe said at a media briefing after announcing Tenaga’s fourth-quarter earnings results.