Energy

TNB gains from first international greenfield venture

TNB estimated the disposal gain at US$5.3mil (RM22mil).

KUALA LUMPUR: Tenaga Nasional Bhd’s (TNB) divestment of 100%-owned Liberty Power further streamlines its’s international portfolio towards renewable energy, according to Maybank Investment Bank (IB) Research.

The disposal of Liberty Power was to Pakistan and Hong Kong-based AsiaPak Investments for US$54.5mil (RM228mil) cash, received by TNB in entirety on Nov 29, 2021.

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TNB , Tenaga Nasional , greenfield , venture , Liberty Power , divestment ,

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