| 1Malaysia Development Bhd (1MDB), in a joint statement today with DuSable Capital Management LLC, said while the two entities had discussed working together to jointly develop a proposed 50MW solar power plant in Kedah, no definitive agreement was ever reached about the project or any other solar power projects.
According to the statement titled Factual Clarification on 50MW solar power plant in Kedah, Malaysia, 1MDB engaged US private equity firm DuSable in 2013 to assist with project development of utility-scale grid connected solar power generation capability, "for which DuSable was remunerated US$506,000 for costs and expenses"...............................................Full Article: Source
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