KUALA LUMPUR: Tenaga Nasional Bhd's recent acquisition of an offshore wind farm in the UK puts the group another step closer to realising its renewable energy (RE) goals.
TNB may seal RE deals by year-end thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
expects demand for electricity to also recover in 2021, along with the local economic recovery with the ongoing vaccine deployment.
However, the pace of recovery is yet uncertain, said its president and chief executive officer Datuk Baharin Din.
Baharin, who assumed the role at the helm on March 1, said that due to the setbacks in 2020, the utility group had suggested an extension of the Regulatory Period 2 (RP2) for a year.
“This was approved by the Government, hence RP2 will be effective until end-2021.
“We have submitted our proposal for RP3 to ensure its relevancy to the new normal that has been shaped by the pandemic, ” he said in TNB’s 2020 Annual Report.
FY2020 · Another upbeat year for EFG Hermes Group, posting higher revenues for a third consecutive year and surpassing the EGP5 billion mark to record revenues of EGP5.5 billion, up 12% Y-o-Y. The Group successfully recorded a resilient top-line growth, amid very challenging operating environment with the outbreak of the Coronavirus and its subsequent impact on economies and capital markets; from the buy-side part of the business to the NBFIs and Capital Markets & Treasury operations; The NBFIs platform reported another strong revenues growth for FY19, adding 52% Y-o-Y to EGP1.2 billion in FY19. This was predominately driven by Tanmeyah s outstanding revenue growth, which rose 66% Y-o-Y in FY19 to break the one billion mark;
TNB expands its international renewable energy footprint into Singapore 03 Mar 2021 / 09:30 H. Solar panels on the roof of a public housing block in Singapore. The TNB-Sunseap collaboration will target, among others, clients such as RE100 companies and multinational corporations.– REUTERSPIX
PETALING JAYA:
Tenaga Nasional Bhd (TNB), through wholly owned subsidiary TNB Renewables Sdn Bhd, has entered into a binding term sheet of collaboration with Singapore-based Sunseap Group to tap into the renewable energy (RE) and corporate power purchase agreement (PPA) market in Singapore.
Sunseap is one of the top solar rooftop companies in Southeast Asia and the largest solar company in Singapore with a fully integrated solar business including presence in the energy retail segment. It has a net capacity of 1.2GW across 11 markets and more than 200 assets in various stages of development.