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3 November 2016 - TNB to buy solar-based energy from consortium.

m.thestar.com.my

Thursday, 3 November 2016 | MYT 8:27 PM.

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KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has signed three power purchase agreements (PPAs) with the special-purpose companies set up by the consortium of ItraMAS Technology Sdn Bhd, Maltech Pro Sdn Bhd and Cam-Lite Sdn Bhd.

In a filing with Bursa Malaysia, TNB said the Energy, Green Technology and Water Ministry had awarded the consortium a contract to develop 3x50 megawatts (MW) solar project proposed to be located at Jasin (Malacca), Gurun (Kedah) and Merchang (Terengganu).

“The PPAs executed are with Quantum Solar Park (Melaka) Sdn Bhd, Quantum Solar Park (Kedah) Sdn Bhd and Quantum Solar Park (Terengganu) Sdn Bhd.

“Each of the companies will construct, own, operate and maintain a solar photovoltaic energy generating facility with a capacity of 50 MW alternate current at its specified location,” it said.

TNB said each PPA, which has an expected commercial operation date of Dec 31, 2017, governed the obligations of the parties to sell and purchase the energy generated by the facility for a period of 21 years from the commercial operation date in accordance with the agreed terms and conditions. - Bernama.



http://www.thestar.com.my/business/business-news/2016/11/03/tnb-signs-power-purchase-agreements-with-a-consortium/

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