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TNB inks three MOUs in Vietnam and Laos to explore collaboration in RE power generation

May 29, 2023

KUALA LUMPUR (May 26): Tenaga Nasional Bhd (TNB) has inked three Memoranda of Understanding (MoUs) with the major energy players in Vietnam and Laos to explore potential collaboration in renewable energy (RE) power generation.

In a statement, the utility giant said the collaborations are set to accelerate regional decarbonisation efforts and cater to the increasing demand for cleaner, sustainable energy options, besides strengthening the Asean Power Grid interconnectivity and advancing Malaysia’s aspiration of becoming the RE hub for the Asean region.

The two MOUs signed in Vietnam were between TNB Renewables Sdn Bhd  and Saigon Gia Dinh Electric Joint Stock Company and between TNB Repair and Maintenance Sdn Bhd and North Power Service Joint Stock Company.

Meanwhile, the MOU in Laos was signed between TNB Genco and Electricite Du Laos.

“Our commitment in promoting RE and creating a sustainable future for Southeast Asia is unwavering. By combining our strengths and expertise, we will unlock the vast RE potential in Vietnam and Laos, driving economic growth and the broader energy transition,” said TNB president and chief executive officer Datuk Indera Ir Baharin Din.

TNB’s share price closed up 11 sen or 1.15% at RM9.69 on Friday (May 26) with some 3.94 million shares changing hands. The group’s market capitalisation stood at RM55.75 billion.

Source – The Edge

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