Raising capital: TNB’s 51-owned Southern Power Generation has proposed a sukuk issuance to part-finance the long-delayed Project 4A power plant in Pasir Gudang.
PETALING JAYA: The long-delayed Project 4A power plant in Pasir Gudang, Johor, is set to take off, with Tenaga Nasional Bhd
(TNB) announcing a plan to raise funds for it.
The national utility company said its 51%-owned Southern Power Generation Sdn Bhd (SPG) had proposed a sukuk issuance to raise up to RM4bil to part-finance the 1,440 MW gas-fired combined-cycle power plant.
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