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The total TTPC Perlis Power Plant Project cost is approximately USD600 Million and is financed through equity contribution of USD120 Million and the issue of USD480 Million Al-Istisna Islamic Bonds (TTPC Bonds). The bonds have been rated AA1 since 2007. The AA1 rating indicates that TTPC has a high safety for timely repayment of financial commitments.
TTPC’s Perlis power plant achieved its Commercial Operation Date (COD) on 31st March 2003 as agreed in the PPA and the project was completed at a record time of 21 months from financial close with no cost overrun.