TNB said in a Bursa Malaysia announcement yesterday that it has entered into a Share Sale and Purchase Agreement with 1Malaysia Development Berhad for the acquisition of a 70% shareholding in Jimah East Power Sdn Bhd for a total consideration of circa RM46.98 million. Jimah East Power was incorporated by 1MDB and Mitsui and Co Ltd on July 5, 2013, as the special-purpose vehicle company for the development of two 1000MW coal fired power plants in Mukim Jimah.