Tenaga Nasional Vice President (Energy Ventures), Datuk Nor Azman Mufti (second left) exchanging plaque with Affin Bank Managing Director/Chief Executive Officer, Kamarul Ariffin Mohd Jamil (second right) at the event to mark the Financial Close of its first Large Scale Solar (LSS) project in Malaysia
KUALA LUMPUR: Tenaga Nasional Bhd
(TNB) has secured RM339mil financing for its first large-scale solar project in Malaysia, located on 97ha in Kuala Langat, Selangor.
The national utility firm said in a statement that its unit TNB Sepang Solar Sdn Bhd (TSS) had together with Affin Islamic Bank Bhd achieved financial close for financing the project.
Affin Islamic will provide funding and working capital requirements for the said project of up to RM339mil.
TSS was one of the seven successful bidders chosen the Energy Commission last year to develop the transmission-connected large-scale solar projects. The 21-year solar power purchase agreement for the project was inked in early March between TNB and TSS whereby TSS would supply electricity to TNB.
Once completed and fully operational by November 2018, TSS’s project in Mukim Tanjung 12 will become the country’s largest solar farm, generating and transmitting 50MW of electricity to the national grid.
TNB vice president (energy ventures) Datuk Nor Azman Mufti described the project as a booster to TNB’s aspiration in championing renewable energy (RE) in Malaysia.
“As many utility companies around the world are shifting towards RE, TNB also aspires to be the Asean leader in renewable energy by 2025,” he added.
Affin Bank managing director and chief executive officer Kamarul Ariffin Mohd Jamil said the Affin Bank group was proud to be partnering with TNB and TSS in embracing the Government’s initiatives to pursue greater energy sustainability project.
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