MARC has received confirmation from TNB Northern Energy Berhad (TNB Northern Energy) that its power plant achieved commercial operation date (COD) on February 20, 2016 following a delay from the initial COD on January 1, 2016. TNB Northern Energy has received the Commissioning Test Certificate from the Energy Commission.

MARC views TNB Northern Energy’s achievement of plant COD as an important milestone to enable the 1,071.43-megawatt combined cycle gas-fired power plant to meet project metrics going forward. MARC currently rates TNB Northern Energy’s RM1.625 billion sukuk at AAAIS with a stable outlook.

Contacts:
Ng Chun Kean, +603-2082 2230/ chunkean@marc.com.my;
David Lee, +603-2082 2255/ david@marc.com.my.