Saturday, September 16, 2017

Tenaga starts building 50-MW solar park in Malaysia

Tenaga starts building 50-MW solar park in Malaysia

Malaysian utility Tenaga Nasional Bhd (KLSE:TENAGA) on Thursday broke ground
on a 50-MW solar project in Kuala Langat, Selangor state, local media
report.

The start of construction work follows last month's announcement that Tenaga
has achieved financial close for its first large-scale solar project at
home. The company said at the time that Affin Islamic Bank Bhd will be
providing up to MYR 339 million (USD 81m/EUR 68m) in financing for the 50-MW
photovoltaic (PV) project.

A subsidiary of Tenaga won the scheme in a competitive bidding process last
year. The particular firm signed in early March a 21-year power purchase
agreement (PPA) with its parent for the electricity that will be generated
by the solar power station.

Tenaga expects this plant to be completed in November 2018.

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Link to Original Article:
https://renewablesnow.com/news/tenaga-starts-building-50-mw-solar-park-in-ma
laysia-583532/?utm_source=Renewables+Now_subscribers+and+newsletter&utm_camp
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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com

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