Who is Edra Power Holdings Sdn Bhd?

Edra Power Holdings Sdn Bhd is one of South East Asia’s leading international independent power producers, controlling a diversified portfolio of quality power generation assets across various technologies.

Who owns Edra energy?

Edra Energy is a subsidiary of Edra Power Holdings Sdn Bhd, an independent power producer based in Kuala Lumpur and part of China General Nuclear Power Corp., which acquired Edra in 2015. The company operates more than a dozen power generation and desalination plants in five countries.

Who owns Edra Melaka power plant?

The third unit of what is now the largest combined cycle gas turbine power plant in Southeast Asia has entered commercial operation, according to officials with Edra Energy Sdn Bhd, the builder, owner and operator of the Edra Melaka Power Plant (EMPP) in Malaysia.

Does Edra Power Holdings Sdn Bhd have a Stable/P1 credit rating?

Published on 05 Dec 2023. RAM Ratings has affirmed the AA1/Stable/P1 corporate credit ratings of Edra Power Holdings Sdn Bhd (Edra Power or the Group). The affirmation is premised on the Group’s stable concession-based power generation business that is anchored by long-term power purchase agreements (PPAs) with government-linked offtakers.

How did Edra Energy Sdn Bhd perform in FY 2022?

Financially, the full commissioning of its new 2.24 GW gas plant under Edra Energy Sdn Bhd led to an almost doubling in consolidated revenue to RM9.57 bil in FY Dec 2022. Despite this, pre-tax profit more than halved to RM252.28 mil due to elevated operating expenses, provisions, depreciation and financing costs.

How does Edra power perform?

Its thermal power plants earn availability-based capacity payments and fuel cost-reflective energy payments, shielding them from volatile electricity demand and fuel prices. Edra Power continues to demonstrate commendable operating performance, incurring minimal revenue deductions and unplanned downtime, which underscores its dividend flows.