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.
