G Capital Bhd executive director Datuk Yap Yee Ping
KUALA LUMPUR: G Capital Bhd
’s (GCAP) wholly-owned subsidiary, Northern Star Hydropower Sdn Bhd (NS Hydropower) has secured four renewable energy power purchase agreement (REPPA) with Tenaga Nasional Bhd (TNB).
The combined capacity of four high-head small hydropower plants in Pahang, Malaysia amounts to 26 MW. Of this, 12.5 MW is in Hulu Dong while the remaining 13.5 MW is in Batu Talam of Pahang.
The renewable energy solutions provider, in a statement, said NS Hydropower has been granted as feed-in approval holder (FiAH) by the Sustainable Energy Development Authority Malaysia (Seda) for the plants.
Each of the REPPA spans a period of 21 years from the commercial operation date (COD), with operations scheduled to commence on Dec 6, 2027.
Under the REPPA, TNB will purchase electricity from NS Hydropower at a Feed-in-Tariff (FiT) rate of RM0.2298 per kilowatt-hour (kWh).
“Envisaging a revenue potential of RM688mil over a 21-year period on the back of estimated annual electricity production of 142.72 gigawatt-hours from estimated investment in project costs of RM300mil, we are excited to make a meaningful contribution towards Malaysia’s sustainability goals.
“This is a momentous development for us, as it signifies our dedication to sustainability and clean energy. We take great pride in actively participating in the renewable energy revolution unfolding in our country,” G Cap executive director Datuk Yap Yee Ping said.
