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:
“Awareness of having better things to do with their lives is the secret to immunizing our children against false values—whether presented on television or in “real life.” The child who finds fulfillment in music or reading or cooking or swimming or writing or drawing is not as easily convinced that he needs recognition or power or some “high” to feel worthwhile.”
—Polly Berrien Berends (20th century)