Malaysia’s Genting inks US$1 billion energy deals with two Chinese firms

[KUALA LUMPUR] The energy division of Malaysia’s leisure and hospitality giant Genting has signed two deals worth over US$1 billion with Chinese power and oil-and-gas companies, signalling a major expansion in its energy-generating capacity and its push for clean energy.

One deal involves acquiring a 49 per cent stake in China-based SDIC Jineng (Zhoushan) Gas Power Generation for 100…