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Powertek Group is mainly involved in the business of power
generation.
The revenues of the Powertek Group are mainly derived from
the available capacity and electrical energy produced by these
power plants to its sole customer, Tenaga Nasional Berhad
("TNB") under their respective Power Purchase Agreements
("PPAs").
Pursuant to the PPAs, the Powertek Group receives Capacity
Payments for the contracted dependable capacity and availability
of the respective plants and Energy Payments for electrical
energy generated.
Each PPA has a tenure of twenty one (21) years from the commercial
operations date of the respective power plants which may be
extended for up to three (3) additional periods of five (5)
years each provided all relevant approvals and conditions
of the PPA are met.
The power plants are powered by natural dry gas which is
supplied by Petroliam Nasional Berhad. Distillate fuel is
only used in the event that gas is not available.
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