PUTRAJAYA is expecting the five winners of the 491MW Large Scale Solar 3 (LSS3) to achieve financial close by the end of this year.
Selected companies have signed the power purchase agreements (PPA) with Tenaga Nasional Bhd (TNB), said Energy and Natural Resources and Lenggong MP Shamsul Anuar Nasarah.
But the companies faced delays due to the movement control order implemented to mitigate the effects of the Covid-19 crisis, he told the Dewan Rakyat today.
“All the bidders will achieve financial close before the end of this year,” Shamsul said during Question Time.
The four bidders with 100MW allocation are consortiums between ib vogt GmbH and Coara Solar Sdn Bhd, Cypark Resources Bhd and Impian Bumiria Sdn Bhd, ENGIE Energie Services SA and TTL Energy Sdn Bhd, and Konsortium Beseri Jaya Sdn Bhd and Hanwha Energy Corporation Singapore Pte Ltd.
As for the 90.88MW allocation, JKH Renewables Sdn Bhd and Solarpack Asia Sdn Bhd secured wins.
All in all, LSS3 is valued at an estimated RM2 bil with the initial commissioning deadline being 2021. It takes about 12-18 months to develop a solar PV plant of such scale.
Shamsul also said that the upcoming 1,000MW LSS4 named “Mentari” is expected to be awarded across at least 25 local companies.
Non-listed bidders for LSS4 must be 100% locally owned while listed bidders must be at least 75% locally owned.
The LSS Mentari, estimated at RM4 bil, is open for bidding for three months from May 31, as opposed to a six-month bidding period for LSS1 through LSS3.
Half of the LSS4’s 1,000MW quota consists of bids between 10MW and 30MW, while the other half is for allocations between 30MW and 50MW. – July 15, 2020
