Highlights:
add free Download App
premium Premium Account

Last Price Change Volume
Open: Day Range: Prev Close:


OTHERS MUDAJAYA GROUP BERHAD ("MUDAJAYA") Power Purchase Agreement between Tenaga Nasional Berhad and Sinar Kamiri Sdn Bhd for the Large Scale Solar Photovoltaic Power Plant of 49 MWa.c. at Sungai Siput, Kuala Kangsar, Perak ("Project")

MUDAJAYA GROUP BERHAD

Type Announcement
Subject OTHERS
Description
MUDAJAYA GROUP BERHAD ("MUDAJAYA")
Power Purchase Agreement between Tenaga Nasional Berhad and Sinar Kamiri Sdn Bhd for the Large Scale Solar Photovoltaic Power Plant of 49 MWa.c. at Sungai Siput, Kuala Kangsar, Perak ("Project")

We refer to our announcement dated 21 December 2016 in relation to the Conditional Letter of Acceptance of Offer from Suruhanjaya Tenaga with regards to the Project.

The Board of Directors of Mudajaya is pleased to announce that Sinar Kamiri Sdn Bhd (formerly known as MGB Enterprise Sdn Bhd) (“SKSB”), an indirect wholly-owned subsidiary of Mudajaya, has on 16 March 2017 signed the Power Purchase Agreement (“PPA”) with Tenaga Nasional Berhad (“TNB”).

Under the PPA, SKSB will undertake to develop the Project on a Build-Own-Operate basis.

The PPA, which has an expected commercial operation date of 31 August 2018, governs the sale and purchase obligations of the energy generated by the Project between SKSB and TNB for a period of 21 years from the commercial operation date in accordance with the agreed terms and conditions.

The Project is expected to contribute positively to the future earnings of the Group.

None of the directors or major shareholders of Mudajaya or persons connected with them has any direct or indirect interest in the Project.

 

This announcement is dated 16 March 2017.






Announcement Info

Company Name MUDAJAYA GROUP BERHAD
Stock Name MUDAJYA
Date Announced 16 Mar 2017
Category General Announcement for PLC
Reference Number GA1-16032017-00063




Close