AsiaPak Investments completed the acquisition of TNB Power Daharki from TNB for $55m.

AsiaPak Investments, a private investment company based in Pakistan and Hong Kong, completed the acquisition of TNB Power Daharki, an operator of 235MW gas turbine power plant, from Tenaga Nasional Berhad, a Malaysian multinational electricity company, for $55m. TPD’s divestment, right after the divestment of TNB’s compulsorily convertible debentures in India last August, marks another significant step in TNB’s strategy to streamline its international portfolio by prioritising growth of renewable energy in TNB’s focus markets such as the United Kingdom, Europe and Southeast Asia.