Showing 551-560 of 622 results

The rise of green loans

GREEN financing is expected to gain further traction as investors look for financial instruments which could lead to positive social outcomes, experts observed. RAM Sustainability Sdn Bhd head of sustainability services Gladys Chua said the Malaysian green bond/sukuk market started expanding from 2017 onwards following the first green sukuk issuance by Tadau Energy Sdn Bhd for […]

The woman behind solar residential properties

Since she joined property developer Sena Development Plc 17 years ago, 2020 turned out to be one of the most memorable years for Kessara Thanyalakpark. Despite the Covid-19 pandemic, her company still managed to achieve record revenue, record pre-sales and a high net profit. She was also promoted to managing director.

This year’s geothermal investment in Indonesia lagging behind expectations

With so far $302 million of investment into geothermal development in Indonesia in 2020, this lags behind the 2020 target of US$ 1.05 billion.

Three sectors likely to see massive inflows of FDI

In 2019-20 fiscal year, the power production sector, oil and gas sector and logistics sector are likely to see a massive inflow of foreign direct investments, said U Aung Naing Oo, Permanent Secretary of the Ministry of Investment and Foreign Economic Relations. “In 2019-20 FY, the first promising sector is electricity production and power plants. […]

Three Singapore firms to invest $100m in Southeast Asian renewables projects

Projects in the Philippines, Indonesia, and Myanmar are already in the pipeline for financing. Singapore-based firms WEnergy Global, ICMG Partners, and Greenway Grid Global (GGG), an investment company with TEPCO Power Grid Inc (TEPCO-PG) as one of the major shareholders, have formed an investment entity of $60m. According to an announcement, this entity will finance […]

TNB commits to investments in energy transition

The utility giant adopts new RE technologies translating to a generating capacity of 713.2MW. TENAGA Nasional Bhd (TNB) remains committed to investing towards energy transition in line with the efforts to provide economic support to the government amid the Covid-19 pandemic.

TNB establishes renewable energy investment, asset management company in ESG push

KUALA LUMPUR (July 2): Tenaga Nasional Bhd (TNB) said its newly-established renewable energy (RE) investment and asset management company Vantage RE Ltd will own, operate and manage a portfolio of RE assets in the UK and Europe as part of the Malaysian government-controlled utility’s global environmental, social and governance (ESG) efforts.

TNB sees profit soar, drives transformation agenda

KUALA LUMPUR: Tenaga Nasional Bhd’s net profit surged more than two-fold to RM1.2 billion for the third quarter ended September from RM501 million in the same period last year. President and chief executive officer Datuk Seri Amir Hamzah Azizan said the growth was mainly attributable to higher sales of electricity, improved performance in TNB’s share […]

TNB shares slip despite renewable energy deal in India

PETALING JAYA: (TNB) shares slipped 0.1% to RM13.54 despite entering into a partnership to grow its renewable energy (RE) portfolio. Tenaga Nasional (TNB) had entered into an agreement to subscribe to a compulsorily convertible debenture (CCD) issued by India’s GMR Bajoli Holi Hydropower Pte Ltd (GBHH) for 2.26 billion Indian rupees (RM133.2mil). The proposed investment […]

TNB to acquire FiT wind assets in UK, explore renewable energy expansion in Singapore, Vietnam

KUALA LUMPUR, March 3 — Tenaga Nasional Bhd (TNB) is in discussions to acquire feed-in tariff (FiT) wind assets in the United Kingdom through its International Asset Group (IAG), said MIDF Research.