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TNB makes foray into Singapore RE market

KUALA LUMPUR: Tenaga Nasional Bhd‘s subsidiary TNB Renewables Sdn Bhd has entered into a collaboration with Singapore-based Sunseap Group to tap into the renewable energy (RE) and corporate power purchase agreement market in Singapore.

In a statement, Tenaga said the partnership represents its first foray into Singapore’s RE market and is an important milestone in the expansion of its international RE footprint into Southeast Asia.

Tenaga president and CEO Datuk Baharin Din said the collaboration will target strategic clients such as RE100 companies, multinational corporations and data.

“The collaboration is also timely, in anticipation of the tender launch by Singapore’s Energy Market Authority for a trial of the Malaysia-Singapore cross-border energy supply, expected to launch by March 2020,” he said.

Tenaga’s total RE portfolio consists of 2,732.3MW in Malaysia, which includes 2,536.1MW of large hydro, and 666MW in UK, Turkey and India comprising mainly solar, wind and hydro energy generation assets.

It aims to grow its overall RE portfolio to 8,300MW by 2025, including large hydro, in line with Reimagining TNB’s strategy to grow RE capacity under the Future Generation Sources strategic pillar.

Reference