Worldwide Holdings Bhd expects its energy and renewable energy business to contribute about 40%-50% of the company’s total earnings, after the completion of the RM3.3 billion, 1,200-megawatt (MW) power plant in Pulau Indah, Selangor. The combined-cycle gas turbine (CCGT) power plant is slated to be commissioned in January 2024. Group chief executive officer Datin Paduka [...]
SHAH ALAM, March 29 — Worldwide Holdings Bhd expects its energy and renewable energy business to contribute about 40-50 per cent of the company’s total earnings after the completion of the RM3.3 billion, 1,200-megawatt (MW) power plant in Pulau Indah, Selangor. The combined-cycle gas turbine (CCGT) power plant is slated to be commissioned in January [...]
KUALA LUMPUR: Bank Pembangunan Malaysia Bhd (BPMB) today clinched a deal with Pulau Indah Power Plan Sdn Bhd (PIPP) to co-finance the development of a RM3.3 billion 1,200 MW combined-cycle gas turbine power plant project in Pulau Indah, Selangor. The deal is for the financing, design, engineering, procurement, construction, installation, testing, commissioning, ownership, operation and [...]
KUALA LUMPUR: GE has secured an order to provide power generation equipment for the 1,200 megawatts (MW) Pulau Indah power plant in Selangor. The US-listed company said on Wednesday the contract was from the engineering, procurement, and construction (EPC) consortium of Posco Engineering & Construction Co. Ltd (Posco), Mitsubishi Corporation and PEC Powercon Sdn Bhd. [...]
K UALA LUMPUR (Aug 7): Tenaga Nasional Bhd (TNB) announced today it has signed a power purchase agreement (PPA) with Tadmax Resources Bhd’s special purpose company — Pulau Indah Power Plant Sdn Bhd (PIPP). In a bourse filing today, TNB said the government had awarded Tadmax Resources the right to develop a new combined cycle [...]
K UALA LUMPUR (Nov 27): Maxim Global Bhd, formerly known as Tadmax Resources Bhd, is disposing of its remaining 40% stake in Pulau Indah Power Plant Sdn Bhd (PIPP) to Worldwide Holdings Bhd (WHB) for RM70 million. PIPP operates the 1,200 megawatt combined cycle gas turbine power plant project in Pulau Indah. In a filing [...]
R AM Ratings has assigned preliminary ratings to Pulau Indah Power Plant Sdn Bhd’s (PIPP or the Company) proposed RM2.905 bil Sukuk Wakalah Bi Al-Istithmar (2020/2038) (the Proposed Sukuk), as follows: Sukuk Wakalah Rating/Outlook RM2.655 bil Class A AA3/Stable RM250 mil Subordinated Class B AAA(fg)/Stable PIPP is [...]
