Solar plant deal expected to be signed during Obama’s visit next month


PETALING JAYA: The mega solar power plant being initiated by 1Malaysia Development Bhd (1MDB) has secured a tariff rate of somewhere between 40 sen to 46 sen per kWh.

The rates are lower than existing tariff for electricity generated by solar plants. However it cannot be determined if that is the best rate with present technology because it is learnt that it is a directly negotiated exercise.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , solar , seda , 1mdb

Next In Business News

Mudajaya shareholders should back sale
Encorp unit bags RM17mil Felda contract
Ringgit up against US dollar at close
Gamuda expects property sales to double in FY27
Revenue IF, WeSure in regional tie-up
AME-REIT NPI rises to RM16mil
Netflix sales growth to fall for the fourth quarter in a row
Poultry outlook hinges on imported feed costs
Westports records 26% increase in net profit
Auto sector eyes solid fourth-quarter sales recovery

Air Pollutant Index

Note: API is calculated based on 24hr running average of the most dominant parameter.

Highest API Readings

    Select State and Location to view the latest API reading

    Others Also Read