According to TTPC
public relations office, TTPC
's managing director, Shahryari said the company also downloaded 881 ships in the container ports of Assaluyeh and Mahshahr south of Iran during the period.
The rating of Jati's sukuk has been notched down from the AA1/Stable rating of TTPC
's Sukuk, premised on the lower priority of Jati's Sukuk in terms of both cashflow waterfall and security.
runs across the Tunisian territory for about 370 km from the Oued es Saf-Saf region, at the Algerian border, to the Cap Bon point, on the Mediterranean coast, where it is connected with the submarine Transmediterranean Pipeline Company (TMPC) pipeline.
Under the terms of the PPA, TTPC
will receive full available capacity payments (ACPs) irrespective of the quantum of electricity generated - subject to meeting certain performance requirements and energy payments (EPs) - by selling electricity to TNB.
Under the proposal now before ICANN, TTPC
would be responsible for creating products and services, pricing, eligibility criteria, name selection, dispute handling, and communication.
During the review period, TTPC
had operated within the performance limits stipulated in the PPA and earned full available capacity payments, despite a major maintenance outage.
Tunisia receives royalties, estimated at between 5.25-6.75% of the gas' value, in cash or in kind from TTPC
as payment for access through its territory.
As with other independent power producers, TTPC
's rating is moderated by inherent regulatory and single-project risks.
The rating reflects Jati's continued receipt of sturdy dividends from its 80 per cent-owned subsidiary, Teknologi Tenaga Perlis Consortium Sdn Bhd (TTPC
) - an independent power producer that owns and operates a 650-MW combined-cycle, gas-turbine power plant in Perlis.
), had its capacity reach 30.2 BCM/y in October 2008 and this will rise to 33.5 BCM/y in March 2009.
Jati is an investment-holding company that owns 80 per cent of Teknologi Tenaga Perlis Consortium Sdn Bhd (TTPC
) - an IPP that owns and operates a 650-MW combined-cycle, gas-turbine power plant in Kuala Sungai Baru, Perlis.