Malaysia Ponders What to Do with a White Elephant
The recent decision by Rio Tinto Alcan to pull out of a US$2 billion aluminum smelter project next to the Bakun Dam in Sarawak ends a five-year campaign to find something – anything – to do with the 2,400 megawatts of power generated by the mammoth dam, one of the cherished mega-projects of former Prime Minister Mahathir Mohamad.
The cancellation, over h…
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