STOCK SAHAM.CO

TNB: PPA for Sungai Perak power plants granted five-year extension

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KUALA LUMPUR: The Energy Commission has extended Tenaga Nasional Bhd’s (TNB) existing power purchase agreement (PPA) for the Sungai Perak hydroelectric power plants by five years from Sept 1, 2022 until Aug 24, 2027.

The utility giant told Bursa Malaysia on Wednesday (Sept 7) that its wholly owned subsidiary TNB Power Generation Sdn Bhd had received an extension letter from the Energy Commission.

TNB’s power plants comprise six stations with a total capacity of 649.1MW.

TNB’s share price gained 18 sen or 2.1% to close at RM8.75, valuing it at RM50.34 billion.

Source : The Edge Markets

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