KUALA LUMPUR, July 13 (Bernama) -- RAM Rating Services Bhd (RAM Ratings) has affirmed the AA/Stable rating of Tanjung Bin Power Sdn Bhd's RM4.5 billion sukuk ijarah programme given the company's 2,100-megawatt (MW) coal-fired power plant's satisfactory operating performance. In a statement today, RAM Ratings said Tanjung Bin Power's favourable power purchase agreement (PPA) with sole off-taker Tenaga Nasional Bhd (TNB) supported its strong business profile. 'However, regulatory and single-project risks are inherent for the company, as with other independent power producers,' it said.

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