Malaysian conglomerate Sime Darby Bhd (MYX: 4197) is considering buying the 1400 MW coal fired Jimah power plant for more than $364m.

The power plant is held under Jimah Energy Ventures Holdings Sdn Bhd, whose majority 70 per cent shareholder is Jimah Teknik Sdn Bhd, a vehicle for the Negeri Sembilan royal family, reports Reuters.

The other shareholders are Tenaga Nasional Bhd with 20 per cent and Jimah O&M Sdn Bhd with a 10 per cent stake.

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