Friday 28 September 2012

Power Sector Results for Prai, 1 st generation PPAs out next month


The winning bidders for the Prai Combined Cycle Gas Turbine (CCGT) plant and the re-negotiation of the first generation power purchase agreements (PPAs) are expected to be announced within the next couple of weeks, according to the Energy Commission (EC).

EC chairman Tan Sri Tajuddin Ali said they have made their recommendations to the government on both Tract 1(Prai) and Tract 2 (first generation PPAs) and are currently awaiting government approval. The results will be announced next month. He added that the EC would soon call for bidding for Tract 3.

Eight power players had submitted their bids for Prai CCGT, while four independent power producers and Tenaga Nasional Bhd bid for the first generation PPA extension. According to the Energy, Green Technology and Water Minister Datuk Seri Peter Chin Fah Kui, the competitive bidding for Prai will result in new capacity to be installed using the latest gas turbines of significantly higher efficiency to optimize the use of gas. 

– The Edge

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