Power Generation

Genting’s power division is steered by Genting Sanyen Power Sdn Bhd, a 58.6% owned subsidiary of the Group and is involved in the power generation and supply operations. The division’s jewel is Genting Sanyen Kuala Langat power station, which is a 720 MW gas fired combined cycle power plant located at Genting Sanyen Industrial Complex in Selangor, Malaysia. The plant supplies electricity to Tenaga Nasional Berhad, Malaysia’s largest electricity utility, under a 21-year power purchase agreement that will expire in 2015.

The plant is one of the five initial Independent Power Producers (IPPs) in Malaysia and the first IPP signed to provide power to Tenaga Nasional in February 1994. The plant has the distinction of being the first and only thermal power plant in Malaysia to provide its own water supply and to supply steam to another industry. It is also the first thermal power plant in Malaysia that uses wet cooling towers and the first in Asia that employs the environmental-friendly hybrid cooling tower concept that produces no visible plume.

The plant is one of the most efficient in Malaysia. Its strong management is reflected by its steady annual cashflows to Genting Group and its debt free status.

Genting Group has ventured into two other power investments in India, through the acquisition of a 30% interest in 368 mega-watt Lanco Kondapalli power plant in Andhra Pradesh and a 35% stake in Aban Power Company, which is completing a 120 mega-watt gas fired power plant in Tamil Nadu.

 

 

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