258 F INANC IAL Statements 05 Sect ion Ranhi ll Ut i l i t i es Berhad NOTES TO THE F INANC I AL STATEMENTS For the year ended 31 December 2022 48. SEGMENTAL INFORMATION (Contd.) (ii) In the energy sector, the Group owns and operates two 190MV combined cycle gas turbine power plants in Sabah, Malaysia on a buildoperate-own (“BOO”) and build-operate-transfer (“BOT”) basis respectively and owns one 50MW solar photovoltaic energy generating plant in Perak, Malaysia on a BOO basis. Combined cycle gas turbine power plants The Group had entered into Power Purchase Agreements with Sabah Electricity Sdn. Bhd., a subsidiary of Tenaga Nasional Berhad, to sell up to 380 MW of electricity generating capacity and electricity production for a 21-year period. Solar photovoltaic energy generating plant In 2021, the Group entered into a Renewable Energy Power Purchase Agreement (“REPPA”) with Tenaga Nasional Berhad (“TNB”) to design, construct, own, operate and maintain a solar photovoltaic energy generating facility with a capacity of 50 MW located in Perak, Malaysia to generate and deliver solar photovoltaic energy to TNB with a period of 21 years. The Group received a notification letter from the Energy Commission (“EC”) dated 8 August 2022 notifying, amongst others, the fouryear extension of the effective period of REPPA with a total revised concession period of 25 years. As of 31 December 2022, the solar plant is under construction. (iii) In the engineering services sector, the Group provides the following services: • Engineering, procurement and construction management services (“EPCM”); • Engineering, procurement, construction and commissioning (“EPCC”); • Project management consulting services (“PMC”); and • Operations and maintenance services. (iv) The other segment consists of investment holding and provision of management services to subsidiaries within the Group.
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