TNB charges ahead with clean energy projects

PETALING JAYA: Tenaga Nasional Bhd’s (TNB) expansion plans, which are in line with its commitment to achieve net-zero emissions by 2050, will be the group’s main growth catalyst in the quarters ahead, says Kenanga Research.

The research house said the utility giant had recently announced two new power plant projects, namely the repowering of its Sungai Perak hydro power plant and a greenfield 2,100 megawatt (MW) combined cycle gas-fired power plant in Kapar.