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KUALA LUMPUR: The proposed Nenggiri Hydroelectric Dam Project, to be sited 30km away from Gua Musang in Kelantan, will add 300MW to Tenaga Nasional Bh.
KUALA LUMPUR, Mar 4 (Bernama): To capture the rapid growth in the Vietnam renewable energy (RE) market, Tenaga Nasional Bhd’s (TNB) wholly-owned subsidiary, TNB Renewables Sdn Bhd, will collaborate with Singapore’s Sunseap Group in a 21.6MW project comprising five rooftop solar plants in Vietnam.
In a filing with Bursa Malaysia today, TNB said it will also acquire a 39 per cent stake in the project from Sunseap Group.
It said the acquisition marked an important milestone for TNB as it expands its international renewable energy footprint into South East Asia. Prior to this acquisition, TNB’s global presence in renewable energy consists of a total portfolio of 2,732.3MW in Malaysia (including 2,536.1MW of large hydro) and 666MW across the UK, Turkey and India comprising mainly solar, wind and hydro energy generation assets.
is expanding its international renewable energy (RE) footprint into South-East Asia with its foray into Vietnam by buying a stake in a 21.6MW project.
In a statement to Bursa Malaysia yesterday, it said TNB Renewables Sdn Bhd will acquire a 39% stake in a project comprising five rooftop solar plants in Vietnam from Singapore’s Sunseap Group.
This acquisition extends TNB’s collaboration with Sunseap, beyond the Malaysia and Singapore cross border partnership, to capture the rapid growth in the Vietnam RE market.
“The project has secured the feed-in tariff (FiT) under the FiT2 scheme in Vietnam which is intended to promote investments in renewable energy sources through lucrative and above market rate tariffs.
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