TNB inks strategic partnerships with energy players in Vietnam, Laos

May 29, 2023

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has inked strategic partnerships with the major energy players in Vietnam and Laos to boost its ongoing drive to strengthen the Asean Power Grid (APG) interconnectivity and advance Malaysia’s aspiration of becoming the renewable energy (RE) hub for Asean.

These collaborations are set to accelerate regional decarbonisation efforts and cater to the increasing demand for cleaner, sustainable energy options.

These partnerships aim to enhance TNB’s RE portfolio and fast-track the expansion of TNB’s wholly-owned subsidiary, TNB Power Generation Sdn Bhd (TNB Genco) and TNB’s New Energy Division into Southeast Asia.

The strategic collaborations were materialised through the signing of three memorandum of understandings (MoUs).

The MoUs signed in Vietnam were between TNB Renewables Sdn Bhd (TRe) and Saigon Gia Dinh Electric Joint Stock Company (EHCMC) and between TNB Repair and Maintenance Sdn Bhd (TNB REMACO) and North Power Service Joint Stock Company (EVNNPS).

TNB president and chief executive officer Datuk Indera Baharin Din said by combining TNB’s strengths and expertise, the company will unlock the vast RE potential in Vietnam and Laos, driving economic growth and the broader energy transition.

“TNB is ready to be Laos’ strategic partner, fostering growth and realising Laos as the ‘Battery of Southeast Asia’.

“This is also in line with TNB’s commitment to accelerate our Energy Transition plan and achieve Net-Zero by 2050.

“I am confident that this MoU will facilitate other areas of cooperation for partnerships and shared success. We thank Electricite Du Laos (EDL) for this exciting opportunity,” he said.

In addition to these signings, TNB’s management also had the opportunity to meet with key government and industry figures.

In Vietnam, the team met with the Minister of Industry and Trade Nguyen Hong Dian, where an expression of interest was submitted for participating in renewable and LNG projects in Vietnam.

Moreover, fruitful discussions were held with chief executive officer Tranh Dinh Nhan and Vietnam Electricity’s (EVN) representatives on potential collaboration between TNB and EVN to address the energy transition agenda.

The visit to Laos included a meeting with the Minister of Energy and Mines, Phoxay Sayasone, opening doors for further dialogue and cooperation.

Source: New Straits Times (NST)

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