The Company is entitled to earn full capacity payments, irrespective of the quantum of electricity generated (subject to meeting certain performance requirements), as well as a partial guarantee on energy payments from SESCO
SPG is an independent power producer (IPP) that built, owns and operates a 320-MW combined-cycle, gas-turbine facility in Tanjung Kidurong, Bintulu, Sarawak, under a 25-year power purchase agreement (PPA) with SESCO
which expires in February 2024.
The Company's sturdy business profile stems from the favourable terms of its power purchase agreement (PPA) with SESCO
. The Company earns full capacity payments (CPs), so long as its OCGT meet the operating parameters specified in the PPA.