TNB: mGATS transformation on track for launch in 1Q24

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) is on track to rebrand and transform the Malaysia Green Attribute Trading System (mGATS) into the country’s leading digital marketplace for Renewable Energy Certificates (mREC), with the rebranded mGATS set to launch in the first quarter (1Q) of 2024.

In a statement today, TNB said the Ministry of Natural Resources, Environment, and Climate Change and TNB’s unit, TNBX Sdn Bhd, collaborated to upgrade mGATS, responding to the surging demand for green electricity, particularly from multinational corporations and organisations.