TNB completes divestment of subsidiary

The assets, located in Sindh province in Pakistan, was one of TNB’s first international ventures

PETALING JAYA: Tenaga Nasional Bhd (TNB) has completed the divestment of its 100% stake in subsidiary, TNB Power Daharki Ltd, to AsiaPak Investments Ltd for a total consideration of US$54.5mil (RM229.6mil).

TNB Power Daharki is the holding company of TNB Liberty Power Ltd, which owns and operates a 235MW combined-cycle gas turbine power plant that was commissioned in 2001, with a power purchase agreement expiring in September 2026.