KUALA LUMPUR: Tenaga Nasional Bhd
has signed a power purchase agreement (PPA) with Pulau Indah Power Plant Sdn Bhd (PIPP) involving a proposed combined cycle gas power plant in Selangor.
PIPP is a special purpose company owned by Tadmax Resources Bhd (40 per cent), Worldwide Holdings Bhd (35 per cent) and Korea Electric Power Corporation (25 per cent).
Tadmax was required to enter into the PPA with Tenaga after being awarded the power plant project by the government.
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