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.
