Southern Power Generation issues project sukuk
Southern Power Generation (SPG) – a joint venture between Tenaga Nasional (51%) and SIPP Energy (49%) – has issued MYR3.665 billion ($870 million) of sukuk to finance development of a 2x720MW CCGT project (also known as Project 4a) in Pasir Gudang, Johor. Signed on 1 November,...