Press Releases - Category: Infrastructure & Utilities
Displaying 1-5 of 5 results.
Thursday, Sep 21, 2023
MARC Ratings has affirmed its AA-IS rating on UiTM Solar Power Dua Sdn Bhd’s (UiTM Solar Dua) outstanding RM92.0 million Green Sustainable and Responsible Investment (SRI) sukuk with a stable outlook. UiTM Solar Dua owns and operates a 25MWac solar power plant in Pasir Gudang, Johor.The affirmed rating reflects the strength of the 21-year power purchase agreement (PPA) between UiTM Solar Dua and...

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Monday, Sep 19, 2022
MARC Ratings has affirmed its rating of AA-IS  on UiTM Solar Power Dua Sdn Bhd’s (UiTM Solar Dua) outstanding Green Sustainable and Responsible Investment (SRI) sukuk of RM97.0 million with a stable outlook. UiTM Solar Dua owns a 25MWac solar power plant in Pasir Gudang, Johor. The plant has been operational since December 2, 2020 with minimal hitches.  The rating affirmation is m...

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Thursday, Sep 09, 2021
MARC has affirmed its AA-IS rating on UiTM Solar Power Dua Sdn Bhd’s (UiTM Solar 2) outstanding Green Sustainable and Responsible Investment (SRI) Sukuk of RM100.0 million. The rating outlook is stable.UiTM Solar 2 owns a 25MWac solar photovoltaic plant in Pasir Gudang, Johor, which was developed under a 21-year power purchase agreement (PPA) with Tenaga Nasional Berhad (TNB) and became operatio...

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Tuesday, Feb 23, 2021
MARC has assigned a final rating of AA-IS to UiTM Solar Power Dua Sdn Bhd’s (UiTM Solar 2) proposed Green SRI Sukuk of up to RM100.0 million. The rating outlook is stable. The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the preliminary rating was...

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Friday, Dec 18, 2020
MARC has assigned a preliminary rating of AA-IS to UiTM Solar Power Dua Sdn Bhd’s (UiTM Solar 2) proposed Green SRI Sukuk of up to RM100.0 million. The rating outlook is stable. UiTM Solar 2 was set up to develop and operate a 25MW solar power plant in Pasir Gudang, Johor. Its parent, UiTM Energy & Facilities Sdn Bhd (UiTM Energy), operates a 50MW solar power plant in Gambang, Pahang th...

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