TNB considers merger deals to go for renewable energy


Malaysia

KUALA LUMPUR: Tenaga Nasional Bhd (TNB), the most valuable listed utility company in emerging Asia, is looking to sell its gas-fired power plant in Pakistan as it pushes forward with a plan to rely more on renewable sources of energy.

Malaysia’s state-owned electricity producer wants to reduce reliance on fossil fuel, which accounts for about 70% of its power generation, chief executive officer Datuk Seri Azman Mohd said in an interview.

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