Tue, 16 Apr 2024

HEADLINES :


TNB signs new PPA with PDP
Published on: Saturday, February 13, 2016
Text Size:

Kuala Lumpur: Tenaga Nasional Bhd (TNB) had signed a new power purchase agreement (PPA) with Port Dickson Power Bhd (PDP) to extend the operations of PDP's power plant for three years.In a filing to Bursa Malaysia Friday, TNB said the extension, beginning from March 1 to February 28, 2019, was issued by the Energy Commission through a letter of award dated Dec 14, 2015 to PDP.

"The new PPA governs the rights and obligations of both parties for the generation and sale of electricity and for PDP to generate capacity available to TNB from its 436MW open-cycle power plant in Negeri Sembilan," it said, adding that the PPA would have a neutral impact on TNB's earnings over the three years.

TNB and PDP had executed a PPA for the sale and purchase of all capacity and electrical energy generated by the PDP plant on Dec 10, 1993. – Bernama





ADVERTISEMENT






Top Stories Today

Business Top Stories


Follow Us  



Follow us on             

Daily Express TV  







close
Try 1 month for RM 18.00
Already a subscriber? Login here
open

Try 1 month for RM 18.00

Already a subscriber? Login here