TNB to invest more in renewable energy

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) will increase its investment in alternative sources of energy to ameliorate the effects of a fossil fuel shortage going forward, says chairman Tan Sri Leo Moggie.

"At the moment, TNB is embarking on the Jengka bio-mass project and two other projects with Sime Darby," he said, adding TNB's focus on RE is in line with the government's aspiration to increase RE contribution to overall generation to 5% by 2020 from less than 1% currently.