Malaysia's TNB awarded 1,071MW Penang power plant contract

Tenaga Nasional Bhd has clinched a RM3 billion contract to build, own and operate a power plant in Penang.

The award by Malaysia’s Energy Commission followed an international bidding exercise for the new 1,071 megawatt facility.

The plant will help meet an anticipated rise in power requirements for peninsular Malaysia by 2016 and 2017, the Energy Commission said in a statement.

“Through these concurrent bidding exercises, we have successfully secured power generation capacities to meet the growing demand of electricity, at the lowest cost of energy and with minimum completion risks,” said the Energy Commission.

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