TNB to decarbonise Genco before its IPO

Utility to spend RM20bil per year on green initiative

PETALING JAYA: Tenaga Nasional Bhd (TNB) is unlikely to list its domestic power generation business within the next two to three years.

While the utility giant did not rule out the possibility of floating TNB Power Generation Sdn Bhd (Genco), it told analysts that it would focus on decarbonising the subsidiary first.