KUALA LUMPUR (March 1): RHB Bank and RHB Investment Bank are providing RM1.38 billion to partly finance the CONSTRUCTION [] of the RM6 billion coal-fired power plant in Tanjung Bin, Johor.
The financing of the 1,000 MW plant is managed by Malakoff Corporation Bhd’s unit Tanjung Bin Energy Issuer Bhd
RHB Investment Bank is the mandated lead arranger whilst RHB Bank is the lender in the syndicated facilities. RHB Investment Bank is also a joint lead manager in the Sukuk programme.
According to a statement issued by RHB Group, Malaysia's energy demand is projected to grow at 3.4% annually, which is double the 2010 level with the rollout of the large scale infrastructure and construction projects under the 10th Malaysia Plan.
The financing of the 1,000 MW plant is managed by Malakoff Corporation Bhd’s unit Tanjung Bin Energy Issuer Bhd
RHB Investment Bank is the mandated lead arranger whilst RHB Bank is the lender in the syndicated facilities. RHB Investment Bank is also a joint lead manager in the Sukuk programme.
According to a statement issued by RHB Group, Malaysia's energy demand is projected to grow at 3.4% annually, which is double the 2010 level with the rollout of the large scale infrastructure and construction projects under the 10th Malaysia Plan.
