TNB signs PPA with Pulau Indah Power Plant

Tadmax was required to enter into the PPA with TNB after being awarded the power plant project by the government.

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has entered into a power purchase agreement (PPA) with Pulau Indah Power Plant Sdn Bhd (PIPP) involving a proposed combined-cycle gas power plant in Selangor.

PIPP is a special-purpose company owned by Tadmax Resources Bhd (40%), Worldwide Holdings Bhd (35%) and Korea Electric Power Corp (25%).