finance the construction of a 1,071MW gas-fired power plant. The tenure of the sukuk is 23 years with profit rates between 3.6% and 4.8% per annum. The sukuk issuance were made in 39 tranches with tenures ranging from 4 to 23 years, with the final maturity date in March 2036. The sukuk facility agreement is secured over the cash flows generated from the power plant. (v) Sukuk - KEV On 5 July 2013, KEV issued a sukuk based on the Shariah principles of Ijarah (‘Sukuk Ijarah’) of RM2.0 billion in nominal value. The tenures ranges from 1 to 13 years with profit rates of 3.8% to 5.0% per annum. The sukuk proceeds were utilised for Shariah-compliant purposes, which include refinancing the outstanding Bai’ Bithaman Ajil Islamic Debt Securities (‘BaIDS’),payment of fees and expenses in relation to the Sukuk Ijarah facility and to meet the general working capital purposes of KEV. The sukuk facility agreement is secured over the cash flows generated from the power plant. (vi) Sukuk - TNB Western Energy Berhad (‘TWEB’) On 24 January 2014, TWEB executed a RM3.7 billion sukuk facility agreement to finance the construction of a 1,000MW coal-fired power plant. The tenure of the Facility Agreement is 23 years with a periodic distribution rate between 5.1% to 5.8% per annum. The sukuk facility agreement is secured over cash flows generated from the power plant. (vii) Sukuk - JEP On 4 December 2015, JEP issued a Sukuk Murabahah of RM9.0 billion in nominal value. The proceeds from the Sukuk Murabahah were utilised by JEP for shariah-compliant purposes in connection with the financing, design, engineering, procurement, construction, installation, testing, commissioning, ownership, operation and maintenance of a 2,000MW coal-fired power plant and associated facilities, including the transmission line and interconnection facilities. The tenure of the facility agreement is 23 years with profit rates between 5.0% and 6.8% per annum. The sukuk facility agreement consists of 36 tranches with tenures ranging from 6 to 23 years. NOTES TO