Tanjong Energy sale set to be the biggest power deal in Southeast Asia

Malaysian tycoon Ananda Krishnan’s sale of over $3billion worth of power assets has attracted 12 initial bids with a final round of bidding expected in end March. This sale is expected to mark the largest power transaction to take place in Southeast Asia following Temasek Holdings’ sale of Power Seraya to YTL Power in 2008 which was valued at $3.06billion.

Some of the interested bidders in line include CIMB and Employees’ Provident Fund in Malaysia. Saudi Water and Electricity Company was reported to have submitted the highest bid at $3.6billion.

Tanjong Energy owns and operates more than 13 power generation plants throughout Southeast Asia, South Asia, Middle East and North Africa.

Join some of the globe’s largest investor power companies like Saudi Electricity, Marubeni and YTL at the The 15th annual Power and Electricity World Asia event that will be held in Singapore from 16-20 April 2012 where some of the region’s most awaited power deals get revealed and possibly, transacted.

To find out more on the companies attending, request for a list of investors here. If you’ll like to showcase your company for sale or to raise capital, very limited slots are still available in the programme. Contact Ms. Seema Kumar at seema.kumar@terrapinn.com for more information.