TNB obtains PPA extension for Sungai Perak hydroelectric power stations

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has obtained a five-year extension of power purchase agreement (PPA) for Sungai Perak hydroelectric power stations from the Energy Commission (EC)

In a filing with Bursa Malaysia, TNB said its wholly owned subsidiary, TNB Power Generation Sdn Bhd had received a letter from the EC that the existing PPA of Sungai Perak Hydroelectric Power Plants which comprise of six stations with a total capacity of 649.10MW has been extended for five years starting from Sept 1, 2022 till Aug 24, 2027.

“The extension of the PPA will not have any effect on the issued and paid-up share capital and the substantial shareholders’ shareholdings of TNB and will have a neutral impact on the earnings of TNB,” it said.