Solar plant deal expected to be signed during Obama’s visit next month


PETALING JAYA: The mega solar power plant being initiated by 1Malaysia Development Bhd (1MDB) has secured a tariff rate of somewhere between 40 sen to 46 sen per kWh.

The rates are lower than existing tariff for electricity generated by solar plants. However it cannot be determined if that is the best rate with present technology because it is learnt that it is a directly negotiated exercise.

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Business , solar , seda , 1mdb

   

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