TNB inks deal with SIPP Energy, a private vehicle owned by the Johor Sultan


The national utility company told the stock exchange that SIPP

PETALING JAYA: After two years of uncertainty and negotiations, SIPP Energy Sdn Bhd has finally received the go-ahead from the Government to build a 1,440MW power plant in Pasir Gudang, Johor.

Towards this end, it inked a 21-year power purchase agreement (PPA) with Tenaga Nasional Bhd (TNB) yesterday.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Netflix prepares all-cash offer for Warner Bros, source says
Japan's Nikkei hits record high on loose policy hopes, weaker yen
FBM KLCI holds firm above 1,700
Ringgit opens lower against US$ but higher vs major currencies
Global EV sales growth likely to slow after 20% jump in rocky 2025, research firm says
Trading ideas: Capital A, LBS Bina, Rimbunan Sawit, Selangor Dredging, Vstecs, Velocity, Jetson, PetDag, Foodie Media
Oil prices rise on potential Iran supply disruption
Wall St falls with financials amid credit-card rate plan concern
Govt-linked entities hold key to Sunway’s bid for IJM
Foodie Media� 1Q revenue at RM13mil

Others Also Read