As part of the deal, the consortium will build, own and operate the 2,000MW power plant in Jimah, Negeri Sembilan at a levelized tariff of 25.33 sen per kWh.
Constructed with an investment of MYR11bn ($33.5m), the plant will feature two units of IHI ultra-supercritical technology steam generator and two units of Toshiba turbo generator with proven operational track records.
The Energy Commission said in a statement that the Project 3B aims to address the requirement of generation capacity in Peninsular Malaysia from 2018 onwards.
The selection of the preferred bidder of Project 3B is based on the criteria of full compliance with all the bid requirements as stipulated in the request for proposal document and the lowest levelized tariff offered, the statement added.
The preferred bidder is now required to sign a new power purchase agreement with Tenaga Nasional and a coal supply and transportation agreement with TNB Fuel Services based on terms and conditions stipulated by the commission.
Commissioning of the plant, which will incorporate latest emissions control technologies to meet the environmental requirements, and reduce coal consumption for every unit of energy generated, is expected to take place in stages by October 2018 (Unit 1) and April 2019 (Unit 2).
