TNB makes foray into Singapore RE market


KUALA LUMPUR: Tenaga Nasional Bhd's subsidiary TNB Renewables Sdn Bhd has entered into a collaboration with Singapore-based Sunseap Group to tap into the renewable energy (RE) and corporate power purchase agreement market in Singapore.

In a statement, Tenaga said the partnership represents its first foray into Singapore's RE market and is an important milestone in the expansion of its international RE footprint into Southeast Asia.

Tenaga president and CEO Datuk Baharin Din said the collaboration will target strategic clients such as RE100 companies and multinational corporations.

“The collaboration is also timely, in anticipation of the tender launch by Singapore’s Energy Market Authority for a trial of the Malaysia-Singapore cross-border energy supply, expected to launch by March 2021," he said.

Tenaga's total RE portfolio consists of 2,732.3MW in Malaysia, which includes 2,536.1MW of large hydro, and 666MW in UK, Turkey and India comprising mainly solar, wind and hydro energy generation assets.

It aims to grow its overall RE portfolio to 8,300MW by 2025, including large hydro, in line with Reimagining TNB's strategy to grow RE capacity under the Future Generation Sources strategic pillar.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
   

Next In Business News

English shops and pub gardens reopen in 'major step' to freedom
Most European city-dwellers support 2030 ban on combustion car sales
Possible chip glut scenario
Pharmaniaga appointed sole distributor of Baraka in Malaysia
FBM KLCI likely to trade higher next week
Aramco agrees US$12.4bil deal to sell stake in pipelines
Solar in Malaysia - Challenges, and too much of a good thing?
CPO futures to see volatile trading next week, eyes on MPOB data
Pfizer, BioNTech seek US emergency nod for COVID-19 vaccine in adolescents
Eyes on next generation as Singapore succession is thrown into question

Stories You'll Enjoy


Vouchers