Under the SSPA, said 1MDB in a statement, the CGN Group agreed to acquire 100 per cent of 1MDB’s ownership in all its energy assets comprising Edra Solar Sdn Bhd, Edra Energy Sdn Bhd, Powertek Energy Sdn Bhd, Jimah Teknik Sdn Bhd, Jimah O&M Sdn Bhd, Mastika Lagenda Sdn Bhd and Tiara Tanah Sdn Bhd, collectively the “Edra Operating Companies”. “The CGN Group would also assume all the relevant gross debt and cash of the Edra Operating Companies.”

“The SSPA completion marks the conclusion of Edra’s monetisation, a significant and tangible milestone in the 1MDB rationalization plan, as first announced by the Ministry of Finance on 29 May 2015.”

1MDB congratulated the CGN Group for successfully completing the SSPA, and assuming ownership of “a unique and attractive portfolio of energy assets”.

It also thanked the Board of Directors, management and staff of Edra for completing the transaction and expressed appreciation to its shareholder, the Ministry of Finance, for its continued support for the 1MDB rationalization plan.

1MDB, in a press release dated 23 November 2015, said that a Share Sale and Purchase Agreement had been executed between the company, Edra Global Energy Berhad and its subsidiaries and China General Nuclear Power Corporation and its subsidiaries.