TNB sets up two subsidiaries to facilitate revamp

In a filing with Bursa Malaysia yesterday, the utility giant said GenCo’s principal activities were the ownership, management and operation of domestic power plants, renewable energy generation business, power plant operation and maintenance business as well as dry bulk terminal operations business.

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has incorporated two wholly-owned subsidiaries, TNB Power Generation Sdn Bhd (GenCo) and TNB Retail Sdn Bhd (RetailCo), to facilitate its proposed internal reorganisation.

In a filing with Bursa Malaysia yesterday, the utility giant said GenCo’s principal activities were the ownership, management and operation of domestic power plants, renewable energy generation business, power plant operation and maintenance business as well as dry bulk terminal operations business.