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Exclusive: Malaysia’s Tenaga plans $1 billion IPO for its power business

Malaysian electricity utility Tenaga Nasional Berhad (TENA.KL) plans to begin the process next year for a potential $1 billion listing of its power generation business, sources close to the matter told Reuters.

Mustapa: New Energy Policy expected to attract investments

MALAYSIA’S Energy Policy 2021-2040 — which is slated to launch later this month — is expected to boost the country’s investment flows to advance its sustainable development goals.

Probe on power outages in Peninsular Malaysia remains ongoing

Tenaga Nasional Bhd (TNB) said the probe on massive power outages affecting several states in Peninsular Malaysia is expected to be completed within a month.

Yinson signs MOU with GoCar to provide charge EV solutions and services to GoCar users

Yinson GreenTech (YGT), the green technologies division of Yinson Holdings Berhad, through its joint venture company Green EV Charge Sdn Bhd has signed a memorandum of understanding (MOU) with GoCar Mobility Sdn Bhd (GoCar) to provide charging infrastructure facilities and solutions, along with customer care services to GoCar users.

Malaysia to stop building coal plants from 2040

The Malaysian government will stop building coal power plants starting in 2040, and shift its focus toward clean and renewable energy, according to Minister in the Prime Minister’s department in charge of economy Mustapa Mohamed.

TNB seeks collaboration Proton, Perodua to boost EV charging infrastructure

Tenaga Nasional Berhad (TNB) is aggressively pursuing avenues to grow the market for electric vehicles (EV) in Malaysia and is having talks with Proton and Perodua, among others, to resolve existing pain points.

No need to declare climate emergency in Malaysia just yet, says environment minister

Minister of Environment and Water Datuk Seri Tuan Ibrahim Tuan Man said there was no need for the government to declare a climate emergency just yet, with the authorities having rolled out several initiatives to combat the effects of climate change.

Envoy: EU never imposed ban

The European Union (EU) has never imposed a ban on palm oil exports from Malaysia, a top EU diplomat clarified on Monday. In fact, local palm oil exports to the world’s largest trading bloc jumped by 55 per cent last year.

High Court allows Sarawak Energy’s unit to challenge MOF’s rejection of its RM10.9 bil tax incentive claim

The High Court here on Thursday allowed a subsidiary of Sarawak Energy Bhd (SEB) to have RM10.9 billion be considered as investment tax allowance in 2019, after the Finance Ministry had earlier rejected the claim. This follows the court granting the judicial review application made by SEB’s subsidiary Baleh Hydro Power Generation Sdn Bhd to […]

Malaysia energy major targets early closure of coal plants

Malaysia utilities giant Tenaga Nasional Berhad (TNB) announced this week it is aiming to install more than 14 GW of renewable energy capacity by 2050 as it seeks to retire some of its coal-fired assets earlier than planned as part of ongoing efforts to achieve emissions reduction targets and ensure continued business growth for the company.