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Tenaga inks power purchase agreement with 1MDB

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Tenaga inks power purchase agreement with 1MDB Empty Tenaga inks power purchase agreement with 1MDB

Post by Cals Tue 15 Apr 2014, 01:05

Tenaga inks power purchase agreement with 1MDB
Business & Markets 2014
Written by Ahmad Naqib Idris Adzman Shah of theedgemalaysia.com   
Monday, 14 April 2014 17:58

KUALA LUMPUR (Apr 14): Tenaga Nasional Bhd announced it had signed a power purchase agreement (PPA) with 1MDB Solar Sdn Bhd for the construction of a solar power plant in Kedah.

“The PPA provides that 1MDB will design, construct, own, operate and maintain a solar photovoltaic energy (Solar PV) generating facility with a capacity of 50 megawatts alternate current (MWac) proposed to be located in Kedah Darul Aman,” said the national utility company in a statement today.

The PPA also governs the obligations of the parties to sell and purchase the net electrical output generated by the facility for a period of not more than 25 years.

Tenaga said the PPA was in line with the initiative to support the development of renewable energy in Malaysia.
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