SINGAPORE, 17 June 2026 - Marking a landmark achievement in sustainable infrastructure finance, the Pulau Indah Power Plant (PIPP) was officially honored with the prestigious Power Deal of the Year (Malaysia) title at The Asset Triple A Sustainable Infrastructure Awards 2026. The distinction was presented during the official awards ceremony held in Singapore on June 17, 2026.
This monumental RM2.76 billion Wakala Sukuk transaction stands as the largest power sector financing in Malaysia since 2018, playing a pivotal role in supporting the nation's transition toward a lower-carbon energy mix. The proceeds of this historic Islamic issuance successfully financed the development of PIPP’s 1,200MW combined-cycle gas turbine (CCGT) power plant in Selangor. The facility achieved its commercial operation date (COD) on March 1, 2025, and is backed by a 21-year Power Purchase Agreement (PPA) with Tenaga Nasional Berhad (TNB).
This historic accolade stands as a powerful testament to the unwavering dedication, resilience, and strategic excellence of the entire project team and financial stakeholders involved. Together, we continue to drive innovation and shape a sustainable, high-performing energy landscape for Malaysia.
