TNB sets condition for take over of 3B project


KUALA LUMPUR: Utility giant, Tenaga Nasional Bhd (TNB)'s take over of the coal-fired 3B power plant project will be subject to terms and conditions, which includes the firm and final levelised tariff not exceeding 26.67 sen/kWh.

In a filing to Bursa Malaysia, the company said it has received a letter of invitation from the Energy Commission (EC) to submit a proposal pertaining to the participation of TNB through 70% ownership of Jimah East Power Sdn Bhd (JEP) in developing a 2x1000MW coal-fired power plant in Jimah, Negeri Sembilan.

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