KUALA LUMPUR: Maybank has signed a letter of intent with TNBX Sdn Bhd to purchase Malaysia Renewable Energy Certificates (mREC), making it the first local bank to purchase the non-tangible energy commodities to support renewable energy generation.
TNBX is a subsidiary of Tenaga Nasional Bhd
, and currently the only provider of mRECs with recognition of certification from the International REC Standard Foundation (I-REC).
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