G Capital inks renewable energy PPA with TNB


In a filing with Bursa Malaysia yesterday, the group said Gunung Hydropower had succeeded in entering the REPPA with TNB ahead of the Dec 15, 2021 due date.

PETALING JAYA: G Capital Bhd’s 96%-owned subsidiary Gunung Hydropower Sdn Bhd has entered into a renewable energy power purchase agreement (REPPA) with Tenaga Nasional Bhd (TNB).

In a filing with Bursa Malaysia yesterday, the group said Gunung Hydropower had succeeded in entering the REPPA with TNB ahead of the Dec 15, 2021 due date.

On Dec 15, 2020, Gunung Hydropower was granted feed-in approval by the Sustainable Energy Development Authority Malaysia in respect of the 10MW low-head mini-hydropower plant on Sungai Perak, Salu, in the vicinity of Lenggong District, Perak.

The REPPA is for a period of 21 years from the commercial operations date.

It is scheduled to start from Dec 15, 2025.

Pursuant to the REPPA, TNB will purchase electricity from Gunung Hydropower.

This will be at a feed-in tariff rate (FiT) of 28.98 sen per kilowatt-hour.

G Capital envisages a potential revenue of more than RM400mil from the date of the commission and completion of the plant based on the FiT rate.

This will be over a span of 21 years.

It also estimates an estimated annual production of 68 gigawatt hour of electricity.

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

G Capital , Gunung Hydropower , renewable energy , PPA , TNB ,

   

Next In Business News

GLOBAL MARKETS-Stocks falter on Omicron variant concerns
Bursa Malaysia succumbs to selling pressure
Global airlines prepare for Omicron volatility, agility will be key
Pharmaniaga allocates RM295mil for FY22 capex
Producer price index hits new record in October 2021 after surging 13.2%
Md Alwi appointed MDEC chairman
Bintai Kinden signs MoU for RM700mil GDV development near KLIA
Awanbiru inks RM79.89mil deal for supply of Google workspace solutions
Petronas awards feed contracts for Sabah's nearshore LNG project
Cagamas concludes pricing of RM4bil worth of bonds, sukuk

Others Also Read


Vouchers