KUALA LUMPUR: The expected delay for Edra Energy Sdn Bhd to start its 2,242MW combined-cycle, gas turbine (CCGT) power plant in Alor Gajah, Melaka will not pose a credit concern in the immediate term, according to RAM Ratings.
In a statement, the rating agency said Edra Energy’s management had secured standby letter of credit facilities in July 2021 to comply with the finance service reserve account requirement of the transaction.
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