Published: Tuesday October 9, 2012 MYT 3:58:00 PM
Updated: Tuesday October 9, 2012 MYT 4:28:45 PM
Genting Sanyen, Segari Energy given 10-year extensions of IPP contract
By MARTIN CARVALHO
PUTRAJAYA: Independent power producers (IPP) Genting Sanyen Power and Segari Energy Ventures have been given 10-year extensions of their contracts, said Malaysian Energy Commission chairman Tan Sri Datuk Dr Ahmad Tajuddin Ali.
The existing contract for Genting Sanyen and Segari Power expires in 2016 and 2017 respectively.
Ahmad Tajuddin said TNB Pasir Gudang, which is operating under an agreement, would be given an extension of five years. After 2017, the firm will operate as an IPP.
He said TNB had also been awared the contract to build a RM3bil gas-powered plant capable of producing 1,071MW in Prai, Penang.
There are five IPPs operating in Malaysia.
TNB and independent power producers sign integrity pact
Govt-IPP renewal agreement: Peter Chin sees no problem in revealing some details
TNB and IPPs to sign pact
Govt has not contributed subsidies to IPPs, says Chin
Cabinet committee to study power supply
Abolish IPP subsidy, Government urged