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:
“We have heard all of our lives how, after the Civil War was over, the South went back to straighten itself out and make a living again. It was for many years a voiceless part of the government. The balance of power moved away from it—to the north and the east. The problems of the north and the east became the big problem of the country and nobody paid much attention to the economic unbalance the South had left as its only choice.”
—Lyndon Baines Johnson (1908–1973)