PETALING JAYA: The thriving data centre market in the country will drive electricity demand, auguring well for Tenaga Nasional Bhd
(TNB).
According to Kenanga Research, the power group has guided for electricity demand growth of 2.5%-3% in financial year 2024 (FY24), higher than the 1.7% embedded in the Incentive-Based Regulation (IBR) mechanism, and largely to come from new data centres.
