Independent power producer Teknologi Tenaga Perlis Consortium Sdn Bhd’s (TTPC) proposed sukuk murabahah of up to RM835mil in nominal value (2012/2023) has been assigned a preliminary AA1 long-term rating with a stable outlook.
TTPC owns and operates a 650-MW combined-cycle, gas-turbine power plant in Kuala Sungai Baru, Perlis under a power purchase agreement (PPA) with Tenaga Nasional Bhd (TNB) in which the former would sell generating capacity and electrical energy to the latter for 21 years from March 31, 2003 to March 31, 2024………………………………………..Full Article: Source