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OTHERS TADMAX RESOURCES BERHAD ("TADMAX" OR "THE COMPANY") POWER PURCHASE AGREEMENT ("PPA") BETWEEN PULAU INDAH POWER PLANT SDN BHD (FORMERLY KNOWN AS TADMAX INDAH POWER SDN BHD) AND TENAGA NASIONAL BERHAD ("TNB")

TADMAX RESOURCES BERHAD

Type Announcement
Subject OTHERS
Description
TADMAX RESOURCES BERHAD ("TADMAX" OR "THE COMPANY")
POWER PURCHASE AGREEMENT ("PPA") BETWEEN PULAU INDAH POWER PLANT SDN BHD (FORMERLY KNOWN AS TADMAX INDAH POWER SDN BHD) AND TENAGA NASIONAL BERHAD ("TNB")

We refer to the announcements dated 3 August 2016, 28 July 2017, 13 November 2017, 30 July 2018, 14 September 2018, 28 March 2019, 11 September 2019, 3 January 2020, 15 January 2020 and 13 March 2020.

 

Tadmax wishes to announce that today the Company’s wholly-owned subsidiary, Pulau Indah Power Plant Sdn Bhd (formerly known as Tadmax Indah Power Sdn Bhd), the special purpose vehicle of the Group undertaking the  development of the Combined-Cycle Gas Turbine Power Plant with capacity of 1,200MW (“the Plant”) at Pulau Indah, Selangor Darul Ehsan (“the Project”) has executed a Power Purchase Agreement with Tenaga Nasional Berhad for the sale and purchase of electricity generated from the plant.

 

The PPA will be for a period of 21 years from the commercial operation date of the first generating block, which is expected on 1 January 2024.

 

Pulau Indah Power Plant Sdn Bhd is presently a wholly owned subsidiary of Tadmax and the consortium parties will eventually include Worldwide Holdings Berhad and Korea Electric Power Corporation. 

 

For further details, kindly refer to the attachment.

 

This announcement is dated 7 August 2020.




Please refer attachment below.



Announcement Info

Company Name TADMAX RESOURCES BERHAD
Stock Name TADMAX
Date Announced 07 Aug 2020
Category General Announcement for PLC
Reference Number GA1-07082020-00025



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