TNB bags US$176 million power plant job in Pakistan

PETALING JAYA: Tenaga Nasional Bhd’s wholly-owned subsidiary TNB Repair and Maintenance Sdn Bhd (TNB REMACO) has been awarded a US$176 million (RM763 million) contract for the operation and maintenance (O&M) of the 1,223 MW Balloki combined cycle power plant located in the Punjab province of Pakistan.

The utility giant said in a filing with the stock exchange that the 12-year contract was awarded by the National Power Parks Management Company (Private) Ltd, a government linked company of Pakistan.

The Balloki power plant uses General Electric’s latest gas turbine technology which will be able to fulfill the electricity demand in Pakistan, forecasted to reach 12,300 GWh by the year 2020.

The O&M contract is TNB REMACO’s largest in Pakistan and is set to broaden its presence in the country.

“It represents a new benchmark for TNB REMACO in bidding for future contracts related to operation and maintenance, as well as in achieving TNB’s aspiration to maximise revenue from non-regulated business,” it said.

TNB’s other O&M contracts in Pakistan are for the Liberty power plant, Narrowal power plant and New Bong Escape hydro power plant.