TNB president and CEO Datuk Baharin Din says the group targets to double its RE capacity to 8,300MW by 2025 from 3,400MW currently. Its current RE capacity in the international market is only 666MW.
Corporate News
Short Position - Top Glove, OPR, economy
- The process to get the ban lifted was arduous and costly, but eventually had to be done in order to rectify not only the image of a top rubber glove company in the country but also that of companies in Malaysia.
- Top Glove was not the only company that has been hit by an import ban by the US for what it perceives as labour standards and practices that do not meet its mark.
- With other companies now having issues with the US government over labour practices, the treatment of foreign labour is now a focus of not only governments but also investors.
- TNB president and CEO Datuk Baharin Din says the group targets to double its RE capacity to 8,300MW by 2025 from 3,400MW currently. Its current RE capacity in the international market is only 666MW.
- While he declines to comment on the amount of capex that TNB is allocating for its RE plans, he reveals that the amount “would be substantial” as TNB aims to add 20GW by 2050 to its RE portfolio.
- He points out that TNB is looking into the European market for RE assets, as the industry is more mature there.
- For perspective, currently, coal is the main fuel used in TNB's power generation, accounting for almost 50% of the fuel mix.
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