Malakoff Corporation Berhad subsidiaries GB3 Sdn Bhd and Segari Energy Ventures Sdn Bhd have signed power purchase agreements (PPAs) with Tenaga Nasional Berhad to extend operations of two gas-fired power plants in Lumut, Perak.
The agreements cover GB3’s 429MW open-cycle gas turbine plant and SEV’s 1,303MW combined-cycle gas turbine plant, bringing total capacity to 1,732MW.
The extension is part of approvals under the Energy Commission’s Category 1 proposal for gas-fired generation assets announced earlier this year.
Under the new terms, GB3’s operations are set to begin from Jan 1, 2027, while SEV’s will start from July 1, 2027. Both contracts will run until Dec 31, 2029.
Malakoff Corporation Berhad said the plants have consistently supported the national grid with reliable performance and that the extensions will help ensure continued flexible power supply during periods of high demand.
The group also noted that its Perai power plant in Penang has separately secured an extension until March 2030, with operations under the new agreement starting April 9, 2026.
