Tenaga Nasional Berhad (TNB) is stepping up its responsible Energy Transition agenda through three proposed collaborations with major energy players in Thailand to capitalise on regional demand and potential in greener power in ASEAN.
Through the partnerships, TNB aspires to strengthen ASEAN power interconnections and enable the various partners to leverage each other’s resources and develop the related regional infrastructure for RE.
"These collaborations are strategic steps to realise key milestones in our responsible Energy Transition plan, and TNB's overall sustainability pathway commitment," said TNB President and Chief Executive Officer, Dato’ Indera Ir. Baharin Din.
He expressed confidence that the collaborations will accelerate the carbon neutrality ambition of the respective partner companies and strengthen the growth momentum for Renewable Energy in the ASEAN region.
“With the International Renewable Energy Agency’s (IRENA) projection of more than 60% of installed generation in 2050 for ASEAN countries coming from Renewable Energy, this translates to at least 1,500 GW of generation capacity, in which TNB hopes to extend our participation,” added Baharin.
The national electricity utility corporation yesterday signed a Memorandum of Understanding (MoU) with the Electricity Generating Authority of Thailand (EGAT) to set up a Joint Working Committee to study the feasibility of a proposed enhancement of the interconnection capacity between Peninsular Malaysia and Thailand.
Two of TNB's subsidiaries, namely TNB Renewables Sdn Bhd (TRe) and TNB Power Generation Sdn Bhd (TNB Genco) signed MoUs respectively with Planet Utility Co. Ltd (PU) and B.Grimm Power Public Co. Ltd (B.Grimm).
The MoU with PU includes evaluating strategic options for potential RE investment in floating solar, solar rooftop and ground-mounted solar projects in Thailand, which will contribute positively to TRe business growth and market expansion.
