PETALING JAYA: Ranhill Holdings Bhd’s large-scale solar (LSS4) project is on track for completion by year-end and expected to give it “relatively attractive project returns” because of low capital expenditure (capex) and a comparatively higher tariff.
Ranhill, via wholly-owned Ranhill Solar 1 Sdn Bhd (RS1), was awarded a 50 megawatt (MW) project under the LSS4 bidding cycle back in 2021. A 21-year power purchase agreement was originally signed with Tenaga Nasional Bhd
but was later extended to 25 years in line with the Energy Commission’s decision, following cost escalation across the industry during the construction period.
