TNB inks six solar power purchase agreements


KUALA LUMPUR: Tenaga  Nasional Bhd (TNB) has signed six large-scale solar (LSS) photovoltaic power purchase agreements (PPAs) with special-purpose companies (SPCs) set up by the winners of a bidding exercise organised by the Energy Commission in the first quarter of 2017.

In a filing with Bursa Malaysia today, TNB said, the SPCs were Kenyir Gunkul Solar Sdn Bhd, Idiwan Solar Sdn Bhd, BGMC BRAS Power Sdn Bhd, Viva Solar Sdn Bhd, Cypark Estuary Solar Sdn Bhd and Cove Suria Sdn Bhd.

TNB said each SPC would design, construct, own, operate and maintain a solar photovoltaic energy-generating facility with the approved capacity at its proposed location.

"The PPAs govern the obligations of the parties to sell and purchase the energy generated by the facility for a period of 21 years from the commercial operation date in accordance with the agreed terms and conditions," TNB said.

Kenyir Gunkul Solar has an approved capacity of 29.99 megawatts (MW) while the other SPCs have an approved capacity of 30 MW each, it said.

TNB said Kenyir Gunkul Solar's proposed facility in Terengganu was scheduled to start commercial operation on Dec 31, 2019 - the earliest among the six SPCs.

“This will be followed by Idiwan Solar's facility in Kelantan and BGMC BRAS Power's facility in Kedah, which is targeted to begin commercial operation on Sept 30, 2020.

“The remaining SPCs -- Viva Solar (facility in Kedah), Cypark Estuary Solar (Negeri Sembilan) and Cove Suria (Negeri Sembilan) ? are scheduled to launch commercial operations on Dec 31, 2020,” it said. - Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

   

Next In Business News

CPO futures expected to trend lower on profit-taking next week
Britain looking at temporary measures to alleviate trucker shortage
'Loss and pain': Families testify at Dutch MH17 trial
Oil hits highest in almost 3 years as supply tightens
GLOBAL MARKETS-S&P 500 edges up, European shares slump amid Evergrande fears, US yields rise
Banking on wealth management
Short Position - Opcom, La Nina, Taxing
Going for growth
Sapura Energy in race against time
Ge-Shen hopeful of growth amid challenges

Stories You'll Enjoy


Vouchers