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


The national utility company told the stock exchange that SIPP’s unit, Southern Power Generation Sdn Bhd, will construct, own, operate and maintain the gas-fired combined cycle electricity generating plant.

The national utility company told the stock exchange that SIPP’s unit, Southern Power Generation Sdn Bhd, will construct, own, operate and maintain the gas-fired combined cycle electricity generating plant.

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.

   

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