Bids for LSS Cycle 3 project set to drop further
It also noted that Tenaga Nasional Bhd has abundant balance sheet capacity, and having acquired the track record in LSS1 (Sepang) and LSS 2 (Bukit Selambau), is likely to return to bid for LSS 3
PETALING JAYA: The lowest bid for the Large Scale Solar (LSS) Cycle 3 project, which recently opened for bidding, is expected to drop further compared to previous cycles, in line with lower costs involved.
MIDF Research, which maintained its “positive” stance on the power sector, said it expects the lowest bid to drop to below 30sen/kwh levels, while the mean bid could drop to between 33sen and 34sen/kwh levels.
Over the past 10 years, solar panel prices have dropped by about 60%, or an average 6% per year.
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