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Bank Pembangunan to co-finance RM3.3b power plant project in Pulau Indah | Malay Mail

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KUALA LUMPUR, March 29 — Bank Pembangunan Malaysia Bhd (BPMB) has clinched a deal with Pulau Indah Power Plant Sdn Bhd (PIPP) to co-finance the development of a RM3.3 billion, 1,200-megawatt combined-cycle gas turbine power plant project in Pulau Indah, Selangor. In a statement today, it said the...

Monday, 29 Mar 2021 08:16 PM MYT

In a statement today, it said the financing for the power plant will be provided by three financial institutions, which are BPMB, Maybank Islamic Bhd and United Overseas Bank Bhd, via a Fresh Commodity Murabahah Term Financing-i Facility amounting to RM2.7 billion “The site is accessible by road via Lebuhraya Pulau Indah, Persiaran Masjid Sultan and Jalan Sidang Adnan, and is about 35 kilometres from Klang town,” it added.

 

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