YTL Power, a subsidiary of YTL Corporation, generates and sell power as an independent power producer to Tenaga Nasional for uploading onto the National Grid, Malaysia.
YTL Power is the builder, owner and operator of two power plants for a concession period of 21 years following Malaysia's privatisation policy. As the first independent power producer licensed in Malaysia, its power purchase agreement has the best terms offered, which include a take-or-pay clause; which requires Tenaga Nasional to pay a guaranteed amount whether the power is uploaded or not.
In December 2010, YTL Power acquired 30% stake in Eesti Energia's oil shale development project in Jordan.
Read more about YTL Power: Generation Capacity
Famous quotes containing the word power:
“Do not say to yourself, “My power and the might of my own hand have gotten me this wealth.” But remember the LORD your God, for it is he who gives you power to get wealth, so that he may confirm his covenant that he swore to your ancestors, as he is doing today.”
—Bible: Hebrew, Deuteronomy 8:17,18.