Business Overview

Edra owns and operates 11 power plants in Malaysia, Egypt and Bangladesh. It also has investments in a power asset in Pakistan, as well as a power and desalination asset in the United Arab Emirates.

Edra is the second largest independent power producer (IPP) in Malaysia, with a total generating capacity of 3,565 MW and effective capacity of 3,046 MW from its five power plants, which consist of three combined cycle gas turbine plants (one with co-generation facilities), one open cycle peaking plant and one coal-fired sub-critical thermal power plant.

In Egypt, the Group owns and operates three gas-fired conventional thermal power plants with a total generating capacity of 2,048 MW and effective capacity of 1,740 MW, making it the largest IPP group in the country.

In Bangladesh, the Group owns and operates three power plants, of which two are CCGT plants and one is a barge-mounted reciprocating engine plant, with a total generating capacity of 920 MW and effective capacity of 506 MW.

The Group has an investment in a 157 MW combined cycle gas-fired baseload power station located in Pakistan. Its effective capacity is 36 MW.

Edra is also part of a consortium that owns and operates the Taweelah B IWPP, the largest independent water and power project in the UAE. The Group has a 10.0% effective interest in the Taweelah B IWPP, which has a total power generation and desalination capacity of 2,000 MW and 160 MIGD.

The Group’s revenues are mainly derived from the available capacity and electrical energy produced by its power plants to the off-taker under their respective Power Purchase Agreements ("PPAs").

Tenaga Nasional Berhad is our sole off-taker in Malaysia, while Egyptian Electricity Holding Company and Bangladesh Power Development Board are our sole off-takers in Egypt and Bangladesh respectively. These off-takers are either government or government-linked entities. Our PPAs in Egypt and Bangladesh are guaranteed by the Central Bank of Egypt and Government of Bangladesh respectively, with the substantial majority of payments either denominated in, or indexed to, the USD.