TNB inks six solar purchase deals

PETALING JAYA: Tenaga Nasional Bhd (TNB) has signed six large-scale solar (LSS) photovoltaic power purchase agreements (PPAs) for 30MWac generating facilities each, at locations like Terengganu, Kelantan, Kedah and Negri Sembilan.
Successful bidders were Kenyir Gunkul Solar Sdn Bhd, Idiwan Solar Sdn Bhd, BGMC BRAS Power Sdn Bhd, Viva Solar Sdn Bhd, Cypark Estuary Solar Sdn Bhd and Cove Suria Sdn Bhd.
Each of the SPCs will design, construct, own, operate and maintain a solar photovoltaic energy generating facility, with scheduled commercial operation dates ranging from Dec 31, 2019 to Dec 31, 2020.
The PPAs govern 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.
TNB shares dropped 4 sen or 0.3% to close at RM15.72 yesterday with some 7.22 million shares changing hands.