TNB to sell more electricity, thanks to proliferation of data centres

Kenanga Research said TNB guided for electricity demand growth of 2.5% to 3% in 2024.

PETALING JAYA: The mushrooming data centres in Malaysia will be the main driver for electricity demand growth, benefiting the country’s sole electricity provider, Tenaga Nasional Bhd (TNB).

In fact, TNB’s electricity sales already hit a record in the first quarter of 2024 at 31,899 gigawatt hours, driven by two new data centres that have a combined installed capacity of about 600 megawatts (MW).