KUALA LUMPUR (March 2): Based on corporate announcements and news flow today, companies in focus on Wednesday (March 3) may include Tenaga Nasional Bhd (TNB), UWC Bhd, Grand-Flo Bhd, CB Industrial Product Holdings Bhd (CBIP), Advancecon Holdings Bhd, TH Heavy Engineering Bhd (THHE), Techfast Holdings Bhd, Kanger Holdings Bhd and Mieco Chipboard Bhd.
Tenaga Nasional Bhd (
TNB) via 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.
TNB president and chief executive officer Datuk Baharin Din said in a statement that the collaboration is timely, in anticipation of the tender launched by Singapore’s Energy Market Authority for a trial of the Malaysia-Singapore cross-border energy supply. The launch is expected to take place this month (March 2021), he said.