TENAGA NASIONAL BERHAD has signed an agreement for the purchase of electricity generated by a small Renewable Energy (RE) power project developed by Felda Palm Industries Sdn. Bhd. under the Very Small Renewable Energy Power (VSREP )Program . The SREP Program 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. The signing of this agreement demonstrates the continous support given by TNB for the success of the Government's SREP Program.
TNB has agreed to purchase the electricity from Felda Palm Industries (M) Sdn. Bhd. for a period of 21 years. The estimated value of this REPPA is about RM919,800.00 per year .
The RE power plant developed by Felda Palm Industries Sdn. Bhd., which utilizes methane gas from Palm Oil Mill Effluent as bio-gas fuel, will be located in Bandar Baru Serting, Negeri Sembilan Darul Khusus and will have an export capacity of 0.5 MW to TNB. As at to date, the total capacity under REPPA is 108.65 MW.
None of the Directors or Major Shareholder of TNB or persons connected to the Directors or Major Shareholder of TNB has interest, direct or indirect, on the said matter.
This announcement is dated 7 September 2010.
Wednesday, September 8, 2010
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