Following its agreement to acquire GMR Energy stake, Tenaga's presence overseas will include associate and joint- venture investments in Saudi Arabia, United Arab Emirates, Turkey, India and Pakistan. The proposed acquisition of the GMR Energy stake will allow Tenaga to benefit from the solid growth potential of electricity consumption in India, where there is significant economic growth, and diversify away from Malaysia's mature power industry, Moody's pointed out. But the proposed acquisition, which involves assets with 2.3 gigawatts of operating capacity and an additional 2.3 gigawatts of capacity under construction and development, also introduces Tenaga to new operating and regulatory environments in which it does not have experience, Moody's said. PTI