Tenaga Nasional Bhd (TNB) logo is seen on the signage at its power station in Malacca at sunset. (Pix taken by M. Hafidz Mahpar for Star Online)
KUALA LUMPUR: Tenaga Nasional Bhd
(TNB) has signed a large scale solar (LSS) power purchase agreement (PPA) with Gading Kencana Development Sdn Bhd (GKD) which will design, construct, own, operate and maintain a 30MWac solar photovoltaic energy generating facility in Bidor, Perak.
GKD is a wholly-owned subsidiary of Gading Kencana Sdn Bhd.
The LSS competitive bidding, organised by the Energy Commission of Malaysia in 2016 was to develop, among others, the transmission-connected LSS projects, which was awarded to seven successful bidders, TNB said in a filing with Bursa Malaysia.
The signing of the PPA would have a neutral impact on TNB’s earnings and would not affect the issued and paid-up share capital or substantial shareholders shareholdings in TNB, it added. - Bernama
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