KUALA LUMPUR (March 9): Malakoff Corporation Bhd’s (KL:MALAKOF) wholly owned subsidiary Prai Power Sdn Bhd has signed a four-year extension to its power purchase agreement (PPA) with Tenaga Nasional Bhd (KL:TENAGA) for the Prai Power Plant, effective April 1, 2026 and expiring March 31, 2030. According to the company, the extension follows the expiry of the plant’s original 21-year PPA on June 19, 2024 and a subsequent one-year short-term extension with the national utility company known as TNB until Aug 31, 2025, reflecting continued confidence in the plant’s operational stability and performance. “The PPA regulates and governs, inter alia, the rights and obligations of both parties for the generation and sale of electricity and the requirement to make generating capacity available from the Prai Power Plant to TNB,” the company said in a filing with Bursa Malaysia on Monday. The independent power producer said the PPA is expected to contribute positively to the company’s earnings and net assets.

Source: The Edge Markets March 10, 2026 02:13 UTC