Tan Chong gets 4-year extension for its solar project PPA

KUALA LUMPUR: Tan Chong Motor Holdings Bhd has obtained a 4-year extension for the development of large-scale solar photovoltaic plant (LSSPV) of 20MW at Hulu Selangor, Selangor.

In a filing with Bursa Malaysia, Tan Chong said its indirect 51% owned subsidiary, TC Sunergy Sdn Bhd had received a notification letter from Energy Commission (EC) on the extension of the scheduled commercial operation date (SCOD) and effective period of the power purchase agreement (PPA) for the project.