TNB sparks earnings as well as RE prospects

Kenanga Research said significant investments are being channelled into new transmission infrastructure.

PETALING JAYA: Tenaga Nasional Bhd’s (TNB) venture in Australia’s renewable energy (RE) developer Spark Renewables is expected to continue enhancing its earnings and RE portfolio.

Kenanga Research said the existing 2,000MW pipeline and an additional 1,600MW of new prospects in Australia would position TNB for expansion in both its earnings base and RE portfolio.