YTL Power successful bidder to supply power for 2 year 10 months

File photo of YTL's Paka plant.

KUALA LUMPUR: YTL Power International Bhd's unit, YTL Power Generation Sdn Bhd (YTLPG), was selected as a successful bidder to supply power from its Paka plant under the short-term capacity bid.

The bid was called by the Energy Commission for two years 10 months from March 1, 2016.

"This follows the successful completion of the 21-year power purchase agreement entered into between YTLPG and Tenaga Nasional Bhd on Sept 30, 2015," YTL Power said in a filing to Bursa Malaysia on Thursday.

Separately, YTLPG has registered its interest to participate in the New Enhanced Dispatch Arrangement under rules recently announced by the Energy Commission and is looking forward to the introduction of a competitive market in the Malaysian electricity supply industry. 

YTLPG was the first independent power producer to be awarded a licence by the Director-General of Electricity Supply of Malaysia in 1993 as part of the Malaysian Governments plan to open the electricity supply industry to private sector participation. 

YTLPG is the owner and operator of two natural gas-fired combined-cycle power stations, in Paka, Terengganu, and Pasir Gudang, Johor, with a combined generation capacity of 1,212 megawatts. - Bernama