UZMA 7250 UZMA BERHADa obtains PPA extension for LSS4 project
KUALA LUMPUR (Aug 25): Uzma Bhd has become the latest in a slew of companies which have been granted a four-year extension by the Energy Commission for their power purchase agreements with Tenaga Nasional Bhd that were secured for the development of large-scale solar (LSS) photovoltaic plants under the government's fourth competition bidding programme, known as LSS4 or MEnTARI.
In a bourse filing, Uzma said the four-year extension will lengthen its PPA's tenure to 25 years. Its wholly owned Uzka Kuala Muda Sdn Bhd (UKM) had received the notification letter from the EC dated Aug 8 in connection with the PPA extension for the group's LSS power plant in Kuala Muda, Kedah.
“UKM and TNB will execute a supplementary agreement to the PPA to reflect the extension period,” said Uzma.
The Edge first reported on Aug 2, citing sources, that LSS4 project owners would have their PPAs extended as the viability of some projects had been affected following a 30% to 50% jump in solar panel prices since the submission of bids in 2020.
Besides Uzma, companies that have received the PPA extension include Ranhill Utilities Bhd, KPower Bhd, Tan Chong Motor Holdings Bhd, MK Land Holdings Bhd, Advancecon Holdings Bhd and Gopeng Bhd.
Additionally, the EC agreed to the extension of financial closing date for Uzma's LSS power plant from June 30 to Sept 30, with the scheduled commercial operation date now scheduled for Dec 31, 2023.
Uzma shares closed unchanged at 40 sen, giving the group a market capitalisation of RM140.8 million.
http://www.theedgemarkets.com/article/uzma-obtains-ppa-extension-lss4-project
Singapore Investment
-
-
SIIC - Stock calls37 minutes ago
-
-
-
Portfolio (March 30, 2024)4 hours ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5 Singapore Stocks Under Pressure14 hours ago
-
-
QAF #77 - 2023 Annual Report16 hours ago
-
-
-
-
-
The Secret To Investing1 day ago
-
-
-
-
-
-
-
-
-
-
-
The Green U-Turn2 days ago
-
-
-
Week Ahead3 days ago
-
Burnt out!3 days ago
-
-
-
-
Feb 2024 Expenditure4 days ago
-
-
-
-
-
-
-
Not Worth It5 days ago
-
Trip to Legoland5 days ago
-
-
-
-
-
-
-
-
Starting Our Second Property Cycle1 week ago
-
-
-
Position Update1 week ago
-
-
Finance Investment Movement 431 week ago
-
-
-
-
MAS Singapore Gold Vault2 weeks ago
-
-
Gaining And Holding2 weeks ago
-
-
-
-
Book Giveaway- Winners2 weeks ago
-
-
ICYMI: Corporate Connect with Singpost2 weeks ago
-
-
Just sold at record high!3 weeks ago
-
-
-
-
-
-
-
-
-
Monthly IBKR Update – Feb 20243 weeks ago
-
-
Feb 2024 Portfolio3 weeks ago
-
Rethinking my financial targets for 20243 weeks ago
-
-
-
-
Summary of February 20244 weeks ago
-
Portfolio -- Feb 20244 weeks ago
-
The Market Is A Scam!4 weeks ago
-
-
-
-
-
-
-
-
-
-
-
Today’s Deal of the day – Max Miles5 weeks ago
-
-
Options Trading Journal Jan 20241 month ago
-
-
-
-
-
-
-
-
-
-
-
End of 2023 Review2 months ago
-
-
Year 2023 DIYQuant Portfolio Performance Report2 months ago
-
Monthly Summary of November 20233 months ago
-
3 Simple Poker Strategies for Beginners3 months ago
-
Migration of website4 months ago
-
-
Abandon REITS?4 months ago
-
-
-
-
-
-
-
-
-
August 2023 Portfolio Updates6 months ago
-
-
-
-
Hello SP Group, I'm Back!9 months ago
-
-
-
-
I am in debt9 months ago
-
A New Light10 months ago
-
-
-
-
-
-
-
Demoralized1 year ago
-
2022 Thoughts, Hello 2023!1 year ago
-
Series of Defaults for Maple Finance1 year ago
-
Takeaways from “Sea Change”1 year ago
-
-
Greed is Coming Back1 year ago
-
-
-
-
-
-
-
-
-
-
-
What is Overemployment1 year ago
-
-
-
-
-
-
-
-
-
-
-