Tnb Power Purchase Agreement

Tenaga Nasional Bhd (TNB), a Malaysian multinational electricity company, today signed two large-scale solar (LSS) photovoltaic Power Purchase Agreements (PPAs) with special purpose companies (SPCs) created by the successful bidders. The new agreements relate to the LSS Phase 3 (LSS3) tender exercise organized by Suruhanjaya Tenaga during the first quarter of 2019, in particular to develop LSS projects related to the transfer. Yesterday`s agreement with Redsol has a scheduled commercial operation date of December 31, 2019 and settles the parties` obligations to sell and buy the energy produced by the facility for 21 years from the date of commercial operation. . Mr. Terrence John Kouju 088 – 282,478 terrencek@sesb.com.my Redsol is an ad hoc vehicle of Fumase (M) Sdn Bhd and Scatec Solar Malaysia BV, while Coral Power is 70% owned by Minetech Resources Bhd and 30% by two people. . Lord…