Green Bond Fact Sheet

This fact sheet details the issuance of a MYR470m (USD115m) green Sukuk by Telekosang Hydro One Sdn Bhd on July 15, 2019, to fund the construction of a 24MW run-of-the-river hydro plant in Malaysia.

• Telekosang Hydro One Sdn Bhd issued a green Sukuk on July 15, 2019, with a total amount of MYR470m (USD115m) and a maturity date of July 15, 2037, representing an 18-year tenor.
• The proceeds of the bond are designated to finance the construction of a 24MW run-of-the-river hydro plant. The project is supported by a 21-year Renewable Energy Power Purchase Agreement (REPPA) with Sabah Electricity, with a scheduled Feed-in Tariff commencement date of July 31, 2021, following an expected 24-month construction period.
• The issuance is identified as the world's first mini-hydro Sukuk and the first mini-hydro project Sukuk aligned with the ASEAN Green Bond Standards, the Green Bond Principles, and the Securities Commission Malaysia’s Sustainable and Responsible Investments Sukuk Framework.
• In 2019, this was the first Malaysian bond exceeding USD100m and the largest Malaysian bond since December 2017.
• RAM Ratings identified moderate construction risks due to logistical difficulties and geographical challenges associated with waterways and access roads in a mountainous location, though the issuer has established a contingency sum to address these.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-07%20MA%20Telekosang%20Hydro%20One.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-07%20MA%20Telekosang%20Hydro%20One.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=28 July 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-07%20MA%20Telekosang%20Hydro%20One.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = jul, url = {https://www.climatebonds.net/files/drupal-files/files/2019-07%20MA%20Telekosang%20Hydro%20One.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }