Teknologi Tenaga Perlis Consortium Sdn Bhd (TTPC), incorporated on 11th July 1996, was granted a license by the Minister of Energy, Telecommunications and Posts (now known as the Minister of Energy, Green Technology and Water) to build, own and operate a power plant in Malaysia. TTPC is one of the six Independent Power Producers (IPPs) established under the Malaysian Privatisation Scheme to supply electricity to the national electric utility company, Tenaga Nasional Berhad (TNB).
TEKNOLOGI TENAGA
PERLIS CONSORTIUM
Teknologi Tenaga Perlis Consortium Sdn Bhd (TTPC), incorporated on 11th July 1996, was granted a license by the Minister of Energy, Telecommunications and Posts (now known as the Minister of Energy, Green Technology and Water) to build, own and operate a power plant in Malaysia. TTPC is one of the six Independent Power Producers (IPPs) established under the Malaysian Privatisation Scheme to supply electricity to the national electric utility company, Tenaga Nasional Berhad (TNB).
PROJECT FINANCING
HISTORY EXPERIENCE
The total TTPC Perlis Power Plant Project cost is approximately USD600 Million and is financed through equity contribution of USD120 Million and the issue of USD480 Million Al-Istisna Islamic Bonds (TTPC Bonds). The bonds have been rated AA1 since 2007. The AA1 rating indicates that TTPC has a high safety for timely repayment of financial commitments.
TTPC’s Perlis power plant achieved its Commercial Operation Date (COD) on 31st March 2003 as agreed in the PPA and the project was completed at a record time of 21 months from financial close with no cost overrun.
VISION & MiSSION
TTPC is envisioned to be a reputable Power Asset Manager and Project Developer in Power Generation both domestically and internationally, recognised for its strengths in developing complex power plants and operating it within a competitive market.
TTPC’s mission is to become a reputable Global Power Asset Manager and Power Generation Project Developer, leveraging on its strong utility management, engineering, environmental and advanced technology expertise to expand its business overseas with a portfolio of environmentally advanced power plants.
FINANCIAL & PLANT
PERFORMANCE HIGHLIGHTS
CREDIT RATING
RAM Rating Services Sdn Bhd (“RAM Rating has reaffirmed the AA1/stable rating of Teknologi Tenaga Perlis Consortium Sdn Bhd’s (TTPC or the Company) RM835.0 Million Sukuk Murabahah (2013/2023). The rating reflects the Company’s sturdy business profile, underscored by the strong terms of its Power Purchase Agreement (PPA) with Tenaga Nasional Berhad (TNB), its plant’s laudable operational track record, as well as the Company’s robust debt-servicing ability.
FINANCIAL
PERFORMANCE DATA
TTPC has remained profitable over the years since the commissioning of its power plant, thanks to stringent cost management and efforts to enhance cost efficiency. Despite several increases in natural gas prices,the IPP has been able to pass through the higher fuel costs to TNB thanks to its ability to meet all performance requirements under the PPA. TTPC’s balance sheet also continues to be strong with liabilities remain under tight monitoring. The company has optimised retained earnings to support operations without incurring in the past five years.
PROFIT & LOST
BALANCE SHEET
PLANT PERFORMANCE DATA
Since its commission in 2003, the plant has been operating exceptionally well with the average reliability of 99% (forced outage: 1%). It also achieved the highest availability among all combined cycle power plants in Malaysia. The plant is optimised in terms of productivity with load factor of over 80%.
The following showed the performance data from 2016 to 2021.
FINANCING HISTORY
& EXPERIENCE
TTPC Perlis Power Plant Project was funded through a USD 480 Million Al-Istisna Islamic Serial Bond Facility (TTPC Bond) on a non-recourse project base structure. The Bond was initially rated a AA3 rating by RAM and has been now upgraded to AA1 rating since 2007.
CONTRACTUAL AGREEMENT
EXPERIENCE
TTPC is experienced in the most appropriate legal structure in ensuring that all financial terms of the
various legal documents are acceptable to lenders.
The key commercial and legal framework agreements are expected to include:
OPERATION & MAINTENANCE
(O & M) CAPABILITIES
Global E-Technic Sdn Bhd (GET), a wholly owned subsidiary of TTPC, was incorporated on 27th April 2001 with the primary objective of performing operation and maintenance services on TTPC’s power plant.
GET has proven track record and capability in providing power plant O&M services from the beginning to the end based on the following phases:
01
Initial Project
Support Phase
Initial Project Support basically reviews all elements of the project for successful operation and maintenance of a facility, including project design, P&IDs, O&M manuals, initial critical spares recommendation and safety and environmental laws and guidelines.
02
Mobilization
Phase
Mobilisation is an important element and its success is tied to the successful O&M of a facility. A successful mobilisation programme essentially covers equipment training, setting up of O&M standard operating procedures, develop safety training and participate actively in commissioning process of a facility prior to commercial operation.
03
Operations &
Mobilization Phase
When ownership takes place of a facility, the O&M phase also begins. GET is able to provide optimal O&M support to owners of a facility under the following scope of the power plant O&M services:
AWARDS &
CERTIFICATIONS
TTPC's achievements did not unnoticed by the industry. In fact, its success of contructing and operating the power plant has received numerous accolades, in recognition of its contribution towards the energy sector in Malaysia.
In August 2004, TTPC received a Bronze Award of Commendation under the Engineering Award 2004 in Category 2 �?Mechanical Electrical Engineering from the Association of Consulting Engineers Malaysia for TTPC’s 650MW Combined Cycle Power Plant. The award is a recognition of dedication, innovation, perseverance and strong commitment in meeting engineering-consultancy excellence.
On 1st October 2004, TTPC achieved another milestone when it received a triple certifications of MS ISO9001, MS ISO4001 and OHSAS18001 from SIRIM QAS International. This was a big achievement for TTPC as it was only 18 months into commercial operation of the Perlis Power Plant and being acknowledged by Malaysia’s leading certification, inspection and testing body is a reflection of TTPC’s abilities to deliver energy while ensuring safety and security of the plant.
In 2006, Global E-Technic Sdn Bhd, a wholly owned subsidiary of TTPC, won the GOLD Award under the Utilities (Electricity) category by the Prime Minister of Malaysia organized by the Malaysian Council Occupational Safety and Health (MCOSH). This is again another recognition that TTPC has upheld a stringent process and procedures that put safety as the utmost priority.
In 2013, TTPC was awarded the Power Producer Excellence Award under the Combined Cycle Power Plant Category at the KIA (KeTTHA Industry Award) 2013 which was jointly organized by the Ministry of Energy, Green Technology & Water (KeTTHA), GreenTech Malaysia, Sustainable Energy Development Authority Malaysia (SEDA), Suruhanjaya Tenaga (ST) and Suruhanjaya Perkhidmatan Air Negara (SPAN). The award is in recognition for TTPC’s outstanding and significant contribution to the energy industry and for having demonstrated a high level of commitment and dedication to the growth and development of the energy industry as a whole during the year.
TTPC achieved another milestone in 2013 when it successfully obtained the MS ISO/IEC 27001:2007 certification from the Cyber Security Malaysia. The certification acknowledges that the Information Security Management System (ISMS) of TTPC is managed according to the best practices as established by the standards.
BE GREAT
WITH US
Interested in joining us to make an impact in the Energy Industry? Looking for an opportunity to build a rewarding career with our dedicated team? Teknologi Tenaga Perlis Consortium Sdn Bhd offers you a wide range of career possibilities to develop your capabilities.
We credit our success and proven track record as a power developer and operator to our employees. We believe you will be able to savor exciting opportunities and enriching experiences.
There are currently no vacancies available.
However, we are always keen to meet dynamic and capable professionals who would like to join our team. Email us at careers@ttpc.com.my
CORPORATE SOCIAL
RESPONSIBILITY
TTPC is firmly committed to active corporate philanthropy and encourages participation from local communities to contribute to the development of social responsibility.
COMPANY
INFORMATION
DATE OF INCORPORATION
11th July 1996
COMPANY REGISTRATION
199601021436 (393788 H)
BUSINESS CORRESPONDENCE
ADDRESS & CONTACT
5th Floor, East Wing, Wisma Consplant 2,
No 7, Jalan SS16/1, 47500 Subang Jaya, Selangor, Malaysia
Tel : +6 03 5632 3633Fax: + 6 03 5631 3270
NATURE OF BUSINESS
Owner of a 650MW Gas Fired Combined Cycle Independent
Power Plant. Principal activity is to generate and supply of
electricity to Tenaga Nasional Berhad (TNB)
PAID UP CAPITAL (AS AT 17TH MARCH 2011)
RM34,000,000-00 Ordinary Shares of RM1.00 each
Redeemable Non-Cumulative Preference Shares of RM1.00 each
SHAREHOLDERS
Jati Cakerawala Sdn Bhd - 80%
Tenaga Nasional Berhad �?20%
BOARD OF DIRECTORS
Dato�?Ruslan Bin Ali Omar (Chairman)
Norazni Bt Mohd Isa
Faudzy Asrafudeen Bin Sayed Mohamed
Mohammad Zahir Bin Ismail
Sirajul Huda Bin Mohamad Zain
Firdaus Bin Ruslan
Aliah Nazurah Binti Ruslan
Zafirah Binti Ruslan
Lim Fu Yen
Shahrir Bin Mohamad Subki
Abdul Ghapar Bin Talib
MANAGEMENT TEAM
Chief Executive Officer
Chan Poh Loong
Vice President �?Power Plant Operation
Nik Ahmad Kamal Bin Nik Mustapha
Senior Operations Manager
Abdul Malik Bin Abdul Rahman
Engineering / Maintenance Manager
Sarudin Bin Abu Bakar
General Manager
Khairi Bin Abdul Hadi
