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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read