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.