Tenaga Nasional Berhad through its wholly-owned subsidiary, TNB Power Generation Sdn. Bhd. has received a letter from the Energy Commission for the implementation of the Hydro Life Extension Program (“HLEP”) of Sungai Perak Hydroelectric Power Plants with a capacity of 650.75 MW.
A total of six power stations, comprising 18 units will undergo refurbishment under the HLEP commencing in 2024. It is expected the first unit will be in commercial operation in 2025 under the new 40 years Power Purchase Agreement.
With the project, TNB will continue to hold a major share in the hydropower sector with a cumulative generating hydro capacity of 2,661 MW.
HLEP is aligned with TNB’s Net Zero Emissions Aspiration by 2050 which also forms part of TPGSB’s initiative in supporting the Government’s Low Carbon Aspiration 2040 under the National Energy Policy. It is also in line with the Government’s commitment to achieving carbon neutrality by 2050.
The project is expected to be earnings accretive to TNB upon the commissioning of the project, the utility giant added that it will not have any material effect on the consolidated net assets per share prior to commissioning.
