The CEO Magazine Asia — January 2018

Born to a family rooted in business and
commerce, Mark started his career as
marketing director of the family-owned
Kong Ming Bank in Malaysia. Here he was
involved in project finance transactions in
sectors including the privatisation of public
infrastructure, power and telecommunications.
“I started work in power generation in
the mid 90s to lead the development of
Power-Gen International’s project portfolio
in South East Asia,” Mark recalls. He then
set up a private equity firm specialising in
the energy sector, with a focus on strategic
investments in emerging economies in
the Asia–Pacific and Africa. Mark has
developed a diverse business acumen and
an exemplary track record in companies
including Malakoff, MClean Technologies,
Stemlife and Powertek, making him the ideal
leader to advance Edra’s position in Malaysia
and throughout Asia.
In 2015, as part of the debt restructuring
of Edra’s outgoing shareholder 1Malaysia
Development (1MDB), Edra was sold for

RM9.83  billion to China General Nuclear

Power Corporation (CGN), the world’s

leading clean-energy company. With more

than 45  gigawatts of power generation

capacity worldwide, CGN has helped Edra

integrate its 13 power plants into a cohesive

platform that upholds the highest of

international standards.

“As president and executive director of

Edra, I led the tender process and completion

of the sale. The proceeds of the transaction

were used in part to settle certain debts of

1MDB, brought about by the acquisition of

Edra’s power assets. This has left us effectively

debt-free, putting the company in an enviable

position for future growth. As a result, Edra’s

staff are confident in our future,” says Mark.

“CGN’s experience has widened our

access to industry intelligence. Together with

the valuable experience of our people, CGN

has given us a competitive edge in providing

reliable, safe and cost-effective power

solutions. We maintain high availability and

reliability, and minimise unplanned outages.

“KSB AG and its sole agent

in Egypt, EMC Energy, have

had a successful relationship

with Edra Power’s subsidiary

in Egypt, EOC. We supplied

all the pumps in the Suez

Gulf and Port Said East

Power Plants in 2002/2003

and provided technical

services.” – Björn Behrends,

Senior Manager Sales,

Global Project Business

Engineered, Conventional

and Renewable Energy

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