G Capital inks renewable energy PPA

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

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

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

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