Business

1MDB wins Tenaga solar power plant project

Tenaga Nasional Bhd today said it had signed a power purchase pact with 1Malaysia Development Bhd on the construction a solar power plant.

The agreement entails the state investor's unit 1MDB Solar Sdn Bhd to design, construct, own, operate and maintain a 50 megawatts solar photovoltaic energy facility in Kedah, Tenaga said in a press statement.

"The power purchase agreement governs the obligations of the parties to sell and purchase the net electrical output generated by the facility for a period of not more than 25 years," Tenaga added. – Reuters, April 14, 2014.

Comments

Please note that you must sign up with disqus.com before commenting. And, please refrain from comments of a racist, sexist, personal, vulgar or derogatory nature and note that comments can be edited, rewritten for clarity or to avoid questionable issues. As comments are moderated, they may not appear immediately or even on the same day you posted them. We also reserve the right to delete off-topic comments