GCAP signs 21-year deals with TNB, eyes RM688mil sales

G Capital Bhd executive director Datuk Yap Yee Ping

PETALING JAYA: G Capital Bhd (GCAP) expects to generate a potential revenue of RM688mil over 21 years via its wholly-owned subsidiary, Northern Star Hydropower Sdn Bhd’s (NS Hydropower), renewable energy power purchase agreement (Reppa) of a total capacity of 26 megawatts (MW) with Tenaga Nasional Bhd (TNB).

In a statement, GCAP executive director Datuk Yap Yee Ping said the revenue forecast is on the back of an estimated annual electricity production of 142.72 gigawatt-hours from an investment in project costs of about RM300mil.