Tenaga signs photovoltaic power purchase deal with Redsol


TNB has an extensive fibre optic network, present in its transmission lines and main substations, which can be utilised to expand high speed broadband access into rural areas.

KUALA LUMPUR: Tenaga Nasional Bhd has signed the LSS photovoltaic power purchase agreement with the successful bidders of the large-scale solar competitive bidding exercise organised by Suruhanjaya Tenaga to develop transmission-connected LSS projects.

In a stock exchange filing, TNB said on Friday it signed the agreement with Redsol Sdn Bhd, a special purpose company of the bidders, Fumase (Malaysia) Sdn Bhd and Scatec Solar Malaysia BV.

"Redsol will design, construct, own, operate and maintain a solar photovoltaic energy generating facility of 30MWac to be located in Mukim Beriah, Kerian, Perak," it said.

The agreement has an expected commercial operation date of Dec 31, 2019, and obliges the parties to sell and purchase the energy generated by the facility for 21 years. 

 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Trade showing remains on upward trajectory
Maxis pledges full support to government’s 5G delivery model
Fajarbaru Builder secures RM13mil job
MKH Oil Palm IPO oversubscribed
The pros and cons of earned wage access
Making every load lighter
Making the Malaysian startup pitch
How Sin-Kung leveraged air cargo for its success
Domestic office-sector REITs stay cautious
‘Muted optimism’

Others Also Read