TNB chief executive officer Datuk Ir Megat Jalaluddin Megat Hassan.
KUALA LUMPUR: Tenaga Nasional Bhd
(TNB) has more than doubled its budgeted capital expenditure (capex) to RM42.9bil – comprising RM26.6bil in base capex and RM16.3bil in contingent capex – to support infrastructure development for Malaysia’s energy transition.
President and chief executive officer Datuk Megat Jalaluddin Megat Hassan said of the contingency capex, 64% will be to upgrade infrastructure to support renewable energy or RE, the National Energy Transition Roadmap or NETR and interconnection projects, while 30% is to meet potential demand growth, and 6% to maintain security of supply.
