G Capital inks renewable energy PPA with TNB

KUALA LUMPUR: G Capital Bhd’s 96%-owned subsidiary, Gunung Hydropower Sdn Bhd has signed a renewable energy power purchase agreement (REPPA) with Tenaga Nasional Bhd (TNB).

The REPPA is for 21 years from the commercial operation date, which is scheduled to start from May 11, 2027.

Under the REPPA, TNB will purchase electricity from Gunung Hydropower at a feed-in-tariff (FiT) rate of RM0.2460 per kilowatt-hour (kWh).

Gunung Hydropower has been granted the feed-in-approval by the Sustainable Energy Development Authority in respect of its 8.0 MW high-head mini-hydropower plant situated on Sungai Temelong Ibul, which is in the vicinity of Lenggong District, Perak.

The group envisages a potential revenue of more than RM200.89mil over 21 years from the date of the commission and completion of the plant.

G Capital said this is based on the FiT rate of RM0.2460 per kWh and the plant's estimated annual production of 38.89-gigawatt hours of electricity.