Two of BiON’s Malaysian biogas plants now supplying electricity to the national grid

In Malaysia, BiON reported progress on its four biogas power plants – two of which are now selling electricity to Tenaga Nasional Berhad (“TNB”), Malaysia’s largest integrated electricity company. Once fully-operational, BiON’s current portfolio of biogas power plants, which generate electricity from the biogas produced in the treatment of palm oil mill effluent (“POME”), will have an installed capacity of 7MW. 

·    Seberang Perak (2MW) commenced commercial operations at the end of January 2021 following the receipt of the certificate of initial operation date (“IOD”) from the regulatory authorities. The IOD enables the Company to sell electricity to TNB at a discount tariff rate. It expects to receive the certificate of commercial operation date (“COD”), which will allow it to receive the full Feed-in-Tariff rate, later this month subject to government restrictions related to the COVID-19 pandemic.

·    Malpom (2MW) recommenced supplying electricity to TNB in December 2020 (at an initial reduced capacity). Upgrading works are continuing to enable an increase in power generation to reach maximum capacity.

·    Solid progress was achieved in upgrading works at Kahang (2MW) with gas production reaching almost maximum capacity in February 2021. Kahang will recommence supplying power to the grid following testing by TNB of electrical interconnection equipment, which is expected in the coming months.

·    Nasaruddin (1MW) has resumed operations following a temporary shutdown at the adjoining palm oil mill as a result of COVID-19. The Company is awaiting the receipt of an IOD to enable power sales to commence, which it expects to occur in the coming weeks subject to government pandemic-related restrictions.