reNIKOLA Holdings managing director Boumhidi Adel
KUALA LUMPUR: reNIKOLA Holdings Sdn Bhd has inked four renewable energy power purchase agreements (REPPAs) with Tenaga Nasional Bhd
(TNB) for a collective 5 megawatts (MW) of net export capacity for four biogas plants in Pahang.
Under the REPPAs, TNB as the distribution licensee has agreed to purchase the renewable energy from reNIKOLA, who is the feed-in approval holder, for a 21-year period.
The basic feed-in tariff (FiT) bid rates secured by reNIKOLA range between RM0.2413 per kilowatt-hour (kWh) and RM0.2428 per kWh.
The commercial operation date (COD) of these biogas plants is expected to be in the fourth quarter of 2024.
“The signing of the REPPAs signifies another important milestone for reNIKOLA. In particular, these REPPAs are for our biogas plants, which marks our foray into renewable energy sources beyond solar energy.
“Through our upcoming biogas plants in Pahang, we can capture methane and convert it to biogas for power generation. It is a win-win solution – generating power while reducing the climate change impact from industrial agricultural waste, which in this case, palm oil production,” managing director Boumhidi Adel said in a statement.
“Moving forward, we remain active in our pursuit of attaining one gigawatt of renewable energy capacity by 2025. In the pipeline, we are working to expand our solar assets in the commercial and industrial space, as well as participating in large scale solar projects.
“Besides that, we are also looking at more biogas plants and mini hydropower plants to build up the diversity of our renewable energy sources,” he added.
