TNB plans RM22bil investment for 2022-2024

In support of the country’s goal to shift from using fuel to 31% renewable energy (RE) by 2025, the national grid must be ready to receive RE to support dynamic two-way energy flow, while maintaining voltage stability, Deputy Minister of Energy and Natural Resources, Datuk Ali Biju, (pic) said.

PETALING JAYA: Tenaga Nasional Bhd (TNB) plans to invest RM22bil for 2022-2024 under the Incentive-Based Regulation (IBR) framework, subject to government approval, to continuously develop the grid of the future into a key enabler of the energy transition.

In support of the country’s goal to shift from using fuel to 31% renewable energy (RE) by 2025, the national grid must be ready to receive RE to support dynamic two-way energy flow, while maintaining voltage stability, Deputy Minister of Energy and Natural Resources, Datuk Ali Biju, (pic) said.