TNB signs PPA with co set up by Majulia, Greencells

Tenaga Nasional Bhd (TNB) has signed a large-scale solar (LSS) photovoltaic power purchase agreement (PPA) with Halpro Engineering Sdn Bhd, a special purpose company set up by Majulia Sdn Bhd and Greencells GmbH.

Majulia and Greencells are the successful bidders of an LSS competitive bidding exercise organised by the Energy Commission in the first-quarter of 2017, to develop – among others – the transmission-connected LSS projects.

In an exchange filing yesterday, TNB noted Halpro will design, construct, own, operate and maintain a solar photovoltaic energy generating facility of 30MWac in Mukim Bebar, Pekan, Pahang.

The PPA, which has an expected commercial operation date of Dec 30, 2019, governs the obligations of the parties to sell and purchase the energy generated by the facility for 21 years from the commercial operation date in accordance with the agreed terms and conditions.