Masers confident it can get sovereign guarantee

Masers Energy Malaysia, the company spearheading the US$30bil (RM91bil) National Smart Grid Nation project, is confident it will secure a sovereign guarantee for its project commencing in Malacca.

The energy company, which has submitted a request to the Government, said “there has been no objection so far”.

“If we’re backed by a sovereign guarantee, we would be able to attract more local and foreign institutional investors for the project,” president and chief executive Datuk Seri Suhaimi Abdul Rahman said after signing a master agreement with Silver Spring Networks Inc.

He said there were also some local and international banking institutions interested in providing financial assistance via loans or equity, revealing Standard Chartered Singapore as one of those banks.

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