KUALA LUMPUR: Tenaga Nasional Bhd (TNB) unit TNB Repair and Maintenance Sdn Bhd (TNB Remaco) has bagged a US$176mil (RM763mil) contract to operate and maintain the 1,223 MW Balloki combined-cycle power plant in Punjab, Pakistan.
The 12-year contract was awarded by the National Power Parks Management Company (Pvt) Ltd, a government-linked company of Pakistan, TNB said in a statement to Bursa Malaysia.
The contract is TNB Remaco’s largest in Pakistan and is set to broaden its presence in the country.
The company”s other operation and maintenance contracts in Pakistan are for the Liberty Power Plant, Narrowal Power Plant and New Bong Escape Hydro Power Plant, it said.
The Balloki Power Plant uses General Electric’s latest gas turbine technology to fulfill the electricity demand in Pakistan, which is forecast to reach 12,300 GWh by 2020.
The contract is a new milestone for TNB Remaco as it is the largest operation and maintenance contract for a single power plant, locally and internationally, which represents a new benchmark for the unit in bidding for future contracts related to operation and maintenance, it said.
It is also in line towards achieving TNB’s aspiration to maximise revenue from non-regulated business, it added.
TNB Remaco won the contract through an international bidding exercise, and the operation and maintenance agreement was inked in Lahore, Pakistan last Friday.