This comes after the company received a letter of intent from the Ministry of Energy and Natural Resources.
“It is part of our ongoing drive to further strengthen TNB’s accelerated Energy Transition plan, in support of a carbon-neutral nation and the National Energy Policy, which was announced by the government recently,” TNB President and CEO Dato’ Indera Ir. Bahrain Din said.
The project will be in collaboration with Widad Business Group Sdn Bhd. It is scheduled to start commercial operation by 2031.
According to TNB, the project has an estimated investment of RM9.5b. It is also expected to deliver an earnings before interest and tax of approximately RM400m annually.
