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.
TNB to develop 300MW hydroelectric power plant in Kelantan
KUALA LUMPUR: Tenaga Nasional Bhd’s (TNB) subsidiary, TNB Power Generation Sdn Bhd (TNB Genco) will develop the RM5.0 billion 300MW hydroelectric power plant at Mukim Ulu Nenggiri, Jajahan Gua Musang, in Kelantan.
TNB to see rebound in 2H20 on strong regulated earnings
TENAGA Nasional Bhd’s (TNB) earnings are expected to rebound in the second half of 2020 (2H20), after the utility group posted a 41.5% drop in second-quarter (2Q) net profit due to higher tax expenses and weaker electricity sales. TNB recorded a net profit of RM653.3 million in the 2Q ended June 30, 2020 (2QFY20), versus RM1.12 […]
Total and Woodside ink deal with Myanmar for offshore gas project
YANGON — French energy company Total and Australia’s Woodside Energy, along with their local partner, have agreed with the government of Myanmar on financial terms for an offshore natural gas project. The A-6 project, an offshore field in the Bay of Bengal off the coast of the southwestern Ayeyarwary region, will be Myanmar’s first ultra-deepwater natural […]
Total Carbon Neutrality Ventures invests in Singapore-based microgrid start-up Canopy Power
Singapore, January 27, 2021 – Total Carbon Neutrality Ventures announces its investment in Canopy Power, a Singapore-based company specializing in renewable microgrids. Canopy Power is one of Southeast Asia’s leading independent players with deep technical expertise in hybrid projects, involving both solar & battery technology, and digital solutions. It helps remotely located commercial and industrial companies […]
Total Solar DG to expand Asian Pacific rooftop solar portfolio by 60MW in 2020
Total Solar Distributed Generation (DG) plans to grow its portfolio of operating solar energy assets in the Asia Pacific region by around 60MW in 2020. The company has installed nearly 8MW of roof-mounted solar systems across the region so far in 2020 and is projected to complete construction of key projects by the end of the year.
Transplant a man with a plan
Kulit Sombatsiri is the first permanent secretary in Energy Ministry history to announce his clear-cut work plans in the first week on the job. Kulit Sombatsiri is the first permanent secretary in Energy Ministry history to announce his clear-cut work plans in the first week on the job. “I want to make it clearer and […]