TENAGA SIGNS NEW DEAL WITH YTL POWER

KUALA LUMPUR – YTL Power Generation Sdn Bhd’s power plant in Paka, Terengganu will continue to supply power to Tenaga Nasional under a new power purchase agreement (PPA).

The power giant said on Tuesday under the PPA, YTL Power Generation will make available up to 585 MW from its combined cycle power plant at Paka, Terengganu.

Tenaga had signed the PPA and land lease agreement with YTL Power after the Electricity Commission issued a letter of award dated April 20, 2017.

This letter of award would allow YTL Power to continue the operations of the Paka plant for another three years and 10 months.

Tenaga said the scheduled commercial operation date of the plant would be Sept 1, 2017.

The new land lease agreement will replace the terms and conditions of the original land lease agreement dated July 30, July 1993 between Tenaga and YTL.

“Further to this, the new LLA will govern the lease of the portion of Tenaga’s land in Paka, used by YTL for the purpose of the extension and demobilisation of the plant thereafter,” it said.

– http://www.thestar.com.my

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