PETALING JAYA: BTM Resources Bhd
’s unit has obtained approval to build and operate a renewable electrical power plant in Chukai, Terengganu, with a capacity to supply 10 MWh, for Tenaga Nasional Bhd (TNB).
In a filing with Bursa Malaysia, the group said its wholly-owned subsidiary BTM Biomass Products Sdn Bhd yesterday received the Feed-in Tariff (FIT) approval certificate dated July 1 from the Sustainable Energy Development Authority (Seda), with the approval granted for a period of 21 years commencing no later than Jan 23,2023.
“The expected date of signing of the power purchase agreement (PPA) with TNB is October 2020 at a fixed tariff rate of 34.86 sen per kWh for 21 years, ” BTM said.
“The construction of the electrical energy power plant (EEPP) is targeted to commence in June 2021 and is expected to be completed in December 2022, ” it added.
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