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Tenaga inks 21-year deal with FTJ Bio Power – 25 Oct 2011

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KUALA LUMPUR: Tenaga Nasional Bhd (TNB) today signed a Renewable Energy Power Purchase Agreement (REPPA) with FTJ Bio Power Sdn Bhd worth about RM18.4 million a year.

In a statement to Bursa Malaysia, TNB said FTJ Bio Power developed a small Renewable Energy (RE) power project under the Small Renewable Energy Power (SREP) Programme.

TNB said it has agreed to purchase the electricity from FTJ Bio Power Sdn Bhd for a period of 21 years.

The utility giant said the RE power plant developed by FTJ Bio Power, which utilises empty fruit bunches (EFB) as fuel, is located in Jengka, Pahang and will have an export capacity of 10.0 MegaWatt (MW) to TNB.

The total capacity under REPPA is currently 129.65 MW, it said.

The SREP Programme was launched by the government in May 2001 to promote the utilisation of renewable energy in power generation and to reduce emission of greenhouse gases.

According to TNB, the signing of the deal demonstrates TNB's continuous support for the success of the Government’s SREP Programme.

The deal will not have any effect on the issued and paid-up capital and will not have any material effect on earnings and net assets of TNB Group or on the shareholding of the substantial shareholders of TNB, the statement added.

Source: Business Times (BERNAMA)

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