KUALA LUMPUR (May 3): Malakoff Corp Bhd's subsidiary Green Biogas Sdn Bhd (GBSB) and Tenaga Nasional Bhd (TNB) have entered into a renewable energy power purchase agreement (REPPA), under which GBSB will sell electricity from its planned Johor power plant project to TNB for 21 years.
In a statement today, Malakoff said GBSB will sell electricity generated from its proposed 2.4MW Sungai Kachur biogas power plant in Kota Tinggi, Johor, to TNB.
"GBSB participated in a competitive feed-in tariff e-bidding exercise and submitted its bid for the project on Nov 30, 2018. The Government of Malaysia, through Sustainable Energy Development Authority Malaysia (SEDA), had on Jan 29, 2019 announced that it had accepted GBSB's bid as one of the successful bidders.
"Pursuant to the above and as required by SEDA, GBSB has entered into the REPPA with TNB for the sale of energy generated from the project to TNB for a period of 21 years. The REPPA regulates and governs the rights and obligations of TNB and GBSB in relation to the project," Malakoff said.