TNB signs new deals with YTL for Paka plant

New Straits Times - - Business -

KUALA LUMPUR: Tenaga Na­sional Bhd (TNB) has signed a new power pur­chase agree­ment (PPA) and land lease agree­ment (LLA) with YTL Power Gen­er­a­tion Sdn Bhd for 585 megawatts from its com­bined cy­cle power plant in Paka, Tereng­ganu.

This is pur­suant to a let­ter of award, dated April 20, is­sued by the Energy Com­mis­sion to YTL for it to con­tinue oper­at­ing the YTL plant for a fur­ther three years and 10 months.

“The sched­uled com­mer­cial op­er­a­tion date of the plant is Septem­ber 1,” it said in a fil­ing to Bursa Malaysia here yes­ter­day.

TNB and YTL had, on March 31, 1993 ex­e­cuted a PPA for the sale and pur­chase of elec­tri­cal energy gen­er­ated by YTL in ac­cor­dance with the terms and con­di­tions set out in the orig­i­nal PPA.

The new LLA will re­place the terms and con­di­tions of the orig­i­nal land lease agree­ment dated July 30 1993, be­tween TNB and YTL.

Fur­ther to this, the new LLA will gov­ern the lease of the por­tion of TNB’s land in Paka used by YTL for the pur­pose of the ex­ten­sion and de­mo­bil­i­sa­tion of the plant there­after.

TNB said the new PPA gov­erned the rights and obli­ga­tions of the par­ties for the gen­er­a­tion and sale of elec­tric­ity and for YTL to make avail­able to TNB. Bernama

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