Powertek Berhad (“Powertek”) was incorporated in Malaysia under the Companies Act, 1965 as a private limited company on 5 December 1990 under the name Randomwin Sdn Bhd and assumed its present name on 6 January 1996.

Powertek was the first Infrastructure Project Company ("IPC") listed on the Main Board of the Bursa Malaysia Securities Berhad (formerly known as the "Kuala Lumpur Stock Exchange Berhad") under the Securities Commission's Guidelines for Public Offerings of Securities by IPC in 1996. On 30 April 2003, Powertek Berhad became a wholly-owned subsidiary of Tanjong Energy Holdings Sdn Bhd ("TEH") following a successful voluntary general offer by TEH, and hence, is no longer listed on the Bursa Malaysia Securities Berhad. TEH is in turn a wholly-owned subsidiary of Tanjong public limited company ("Tanjong"), a company incorporated in England and listed on both the Bursa Malaysia Securities Berhad and the London Stock Exchange plc.

The principal activity of Powertek and its subsidiaries ("Powertek Group") is to carry out the business of power generation. Powertek Group has three power plants in the State of Melaka, Malaysia with a total generating capacity of 1,490 MW, comprising:-

• 440 MW Open Cycle Gas Turbine ("OCGT") power plant at Telok Gong, owned and operated by Powertek Berhad ("TGPS 1").
  
• 330 MW Combined Cycle Gas Turbine ("CCGT") power plant at Tanjong Kling, owned and operated by Pahlawan Power Sdn Bhd ("TKPS").
  
• 720 MW CCGT power plant at Telok Gong, owned and operated by Panglima Power Sdn Bhd ("TGPS 2").
  

In January 2005, the Powertek Group’s wholly-owned subsidiary, Pendekar Power (Labuan) Ltd (“Pendekar Labuan”), has through a Consortium, acquired an effective 10% interest in Taweelah Asia Pacific Company (“TAPCO”) which owns and operates a power generation plant and a sea water desalination plant located in the United Arab Emirates, with an approximate capacity of 928 MW and 92 million imperial gallons per day (“MIGD”) respectively (“Taweelah B Project ”).

Taweelah B Project also involves the construction of a new extension power generation and seawater desalination plant, which was completed on 30 October 2008. Following this Project Commercial Operation Date ("PCOD"), TAPCO now has a combined nominal capacity of 2,000 MW and 160 MIGD in power and sea water desalination respectively.

On 2 March 2006, TEH, the holding company of Powertek, via Kuasa Nusajaya (L) Ltd successfully completed the acquisition of two 682.5 MW gas-fired thermal power plants in Egypt with a total generating capacity of 1,365 MW as well as an operating company from EDF International SA.

In November 2007, TEH via Pendekar Energy (L) Ltd successfully completed the acquisition of Globeleq Ltd, increasing its total effective installed and operating capacity to 3,951MW and further establishing its strategic presence in six countries.

The acquisition for Globeleq Ltd’s power plant assets with a gross installed capacity of 1,810 MW was made with its 45% consortium partner, Saudi-based Aljomaih Automotive Company.

With a total of 13 plants located in Malaysia, Egypt, UAE, Pakistan, Bangladesh and Sri Lanka, the Power Generation segment of the Group is well positioned to becoming a global power player.

Details of the Power Generation segment are available at Tanjong’s website, www.tanjongplc.com.

Presently, the corporate structure of the Powertek Group is as follows:-