SEB, Sarawak Hidro agree on Bakun dam PPA terms

Sarawak Energy Berhad and Sarawak Hidro Sdn Berhad have agreed on the main terms of the power purchase agreement for electricity produced by Bakun hydro dam.

SEB chief executive officer Torstein Dale Sjotveit said the main terms included the tariff that SEB would have to pay to Sarawak Hidro, the dam developer.

"All parties are working day and night. We will be able to sign the PPA, which will be for 30 years, next month," said Sjotveit.

Negotiations are still ongoing “on a few outstanding issues that require the attention of both the state and federal governments”.