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.