PIPP in RM2.8bil sukuk issuance  


KUALA LUMPUR: Pulau Indah Power Plant Sdn Bhd (PIPP), a 75% owned subsidiary of Worldwide Holdings Bhd (WHB), has issued RM2.76bil in sukuk wakalah to fund the long-term financing of its 1,200MW combined cycle gas turbine power plant in Selangor.

In a joint statement, WHB and PIPP said the sukuk, issued under a RM3bil programme, is Malaysia’s largest power-sector sukuk transaction since 2018.

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