TNB shares slip despite renewable energy deal in India

TNB also signed large-scale solar photovoltaic PPAs last month with Redsol Sdn Bhd and Coral Power Sdn Bhd.

PETALING JAYA: Tenaga Nasional Bhd (TNB) shares slipped 0.1% to RM13.54 despite entering into a partnership to grow its renewable energy (RE) portfolio.

Tenaga Nasional (TNB) had entered into an agreement to subscribe to a compulsorily convertible debenture (CCD) issued by India’s GMR Bajoli Holi Hydropower Pte Ltd (GBHH) for 2.26 billion Indian rupees (RM133.2mil).