Ranhill Solar I Sdn Bhd (RSI), a subsidiary of Ranhill Utilities Bhd, has secured a four-year extension of a power purchase agreement (PPA) for its 50MW large-scale solar photovoltaic (PV) plant in Perak, Malaysia. The solar facility will be developed under the large-scale solar phase 4@MEnTARI (LSS4@MEnTARI) program.
Additionally, the financial closing date (FCD) has been extended by 3 months till September 2022 while the scheduled commercial operation date (SCOD) has been extended to the end of 2023.
Under the revised PPA, RSI will supply solar energy generated from the plant to Tenaga Nasional Bhd (TNB) for a period of 25 years, instead of the 21 years under the old agreement. With the extension, the facility will be operated and maintained until 2048.