investments and to carry out industrial, commercial andbusiness activities Türkiye Associate of Independent Power International Ltd. Malaysian Shoaiba Consortium Sdn. Bhd.* 20% 20% Acquiring and hold for investment, shares, stocks, debentures in Malaysia or elsewhere Malaysia Associate of Oasis Parade Sdn. Bhd. SaudiMalaysiaOperation&Maintenance ServicesCompanyLimited*30%30%Operationandmaintenanceofelectricitygenerationstationsandwaterdesalinationplants Kingdom of Saudi Arabia Associate of Pelabuhan Lumut Sdn. Bhd. LumutMaritimeTerminalSdn.Bhd.*50%less 1share50%less 1shareOperationsofmulti-purposeportfacilities,operationandmaintenanceofabulkterminal,salesandrentalofportrelatedlandandotherancillaryactivities Malaysia Associate of Power and Energy International (Mauritius) Ltd. GMR Energy Limited*^ - 30% Development, operation and maintenance of power generation projects and sale of power to off-takers India NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 361 51 LIST OF ASSOCIATES (CONTINUED) The list of associates of the Group is as follows: (continued) Name of associate Group’s effective interest Principal activities Country of incorporation 2023 2022 Associateof Elopura Power Sdn. Bhd. Oriole Hydro Padas Sdn. Bhd.* 17% 17% Power generation utilising hydroelectric power plant Malaysia Associate of TNB Energy Services Sdn. Bhd. Jana Landfill Sdn. Bhd.* 20% 20% Generation and distribution of heat and electricity using methane gas from landfill sites Malaysia Associate of TNB Renewables Sdn. Bhd. SD Plantation TNB Renewables Sdn. Bhd. 49% 49% T o develop, set up, construct, install, operate and maintain renewable energy or biogas power plant which uses the palm oil mill effluent as its main source of fuel Malaysia Associate of TNB Engineering Corporation Sdn. Bhd. Abraj Cooling LLC* 49% 49% Contracting works for the construction of district cooling plants United Arab Emirates Associate of TNB Properties Sdn. Bhd. KM Metro-TNB Properties Sdn. Bhd.* 40% 40% Dormant Malaysia Associate of