|Company Name||TENAGA NASIONAL BHD|
|Date Announced||22 Jun 2022|
|Category||General Announcement for PLC|
SIGNING OF AN ENERGY WHEELING AGREEMENT (EWA) BETWEEN TENAGA NASIONAL BERHAD (TNB), ELECTRICITE DU LAOS (EDL) AND ELECTRICITY GENERATING AUTHORITY OF THAILAND (EGAT)
Tenaga Nasional Berhad (TNB) wishes to announce that it has signed an Energy Wheeling Agreement (EWA) for the sale, transmission and purchase of electrical energy at a minimum of 30 MW up to 100 MW from Lao PDR to Singapore through Thailand and Malaysia using the existing interconnections facilities owned by all the countries involved.
The EWA will be effective for a period of two (2) years beginning from 22 June 2022. The role of TNB under the EWA is to transmit energy generated from Lao PDR to Singapore. TNB is under no obligation to top up any shortfall of energy transmitted from Lao PDR by EDL. EDL will pay wheeling charges to TNB for the wheeling services.
The signing of the EWA will not have any effect on the issued and paid-up share capital and the substantial shareholders’ shareholdings of TNB and will have a neutral impact on the earnings of TNB over the term of the EWA.
None of the Directors or Major Shareholders of TNB and/or persons connected with any of them has any interest, direct or indirect, in relation to the abovementioned EWA.
This announcement is dated 22 June 2022.