General Announcement for PLC

19/06/2018

OTHERS COMINTEL CORPORATION BHD ("Comcorp" or "the Company") - Renewable Energy Power Purchase Agreement ("REPPA") with Tenaga Nasional Berhad ("TNB")

COMINTEL CORPORATION BHD

Type Announcement
Subject OTHERS
Description
COMINTEL CORPORATION BHD ("Comcorp" or "the Company")
- Renewable Energy Power Purchase Agreement ("REPPA") with Tenaga Nasional Berhad ("TNB")

Further to our announcements dated 17 May 2018, 30 August 2017, 9 May 2017, 31 October 2016, 4 July 2016, 30 June 2016, 6 January 2016,  22 July 2015, 17 June 2015 and 12 June 2015 in relation to the REPPA with TNB, the Board of Directors of Comcorp wishes to announce that its subsidiary, Comintel Green Technologies Sdn Bhd (“CGT”) have received the Feed-in-Tariff confirmation letter, yesterday, 18 June 2018 from Sustainable Energy Development Authority Malaysia (“SEDA Malaysia”) that the actual Feed-in-Tariff Commencement Date (“FiTCD”) was on 18 April 2018 instead of 31 July 2017. As such, the yield duration of seventeen (17) years is revised to begin from 18 April 2018 till 17 April 2034 with a net export capacity of 2.0000 mega watts per hour, to TNB..

With commencement of Feed-in-Tariff (“FiT”), CGT will contribute to the revenue of the Group for the financial year ending 31 January 2019.

 

This announcement is dated 19 June 2018






Announcement Info

Company Name COMINTEL CORPORATION BHD
Stock Name COMCORP
Date Announced 19 Jun 2018
Category General Announcement for PLC
Reference Number GA1-18062018-00069