Tenaga to hasten clean energy transition as it eyes 'significant share' of RM80bil market

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) is exploring the viability of retiring its coal plants, especially the one at Kapar Energy Ventures (KEV) in 2028-2029, a year before the expiration of its power purchase agreement (PPA), in order to hasten the transition process to clean energy as it eyes a "significant share” of the RM80 billion market by 2050.

"We hope to start with Kapar Energy Ventures (KEV) and are exploring the viability of retiring the 1400 MW plant up to a year ahead of its PPA expiration subject to shareholders' agreement and approvals from the relevant authorities and regulators.