Wednesday, December 28, 2011

Energy Commission says bids for new power plant begin

PETALING JAYA: The bidding process for the 4,500MW power generation to replace the capacity of the first-generation power purchase agreements (PPAs) and to cater to new demand beyond 2016 has started.

The Energy Commission (EC) has issued a notice for prospective bidders for the development of a combined cycle gas turbine (CCGT) power plant in Peninsular Malaysia.

It said that the CCGT power plant was to sell its capacity and energy to Tenaga Nasional Bhd (TNB) under a new PPA.

TNB had recently announced that the first generation PPAs, expiring between 2015 and 2016, would not be renegotiated and would be allowed to lapse.

The first generation PPAs, involving independent power producers (IPPs) YTL Power International Bhd, Malakoff Bhd's subsidiary Segari Energy Ventures Sdn Bhd, Tanjong plc's subsidiary Powertek Bhd and Genting group's power division Genting Sanyen Power Sdn Bhd collectively account for around 4,115 MW of generation capacity.

The EC would make available the site or sites for the power plant project to be signed under a new PPA.

TNB president and chief executive officer Datuk Seri Che Khalib Mohamad Noh had said the IPPs could still participate in the bidding process for new licences that would be held by way of open tender

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