Malaysian electricity utility Tenaga Nasional Berhad (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 advancing Malaysia’s aspiration of becoming the Renewable Energy (RE) hub for ASEAN.
These collaborations are set to accelerate regional decarbonization efforts and cater to the increasing demand for cleaner, sustainable energy options, TNB said in a statement on Friday.
According to the statement, 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 materialized 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).
Similarly, the MoU signed in Laos was between TNB’s wholly owned subsidiary TNB Genco and Electricite Du Laos (EDL).
“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 Indera Ir. Baharin Din.
The TRe-EHCMC MoU is to explore potential renewable power generation technologies opportunities in Vietnam, while the TNB REMACO-EVNNPS MoU is for collaboration and cooperation for potential energy-related services works in Vietnam, Cambodia, Laos, Myanmar and Thailand.
“Through the MoU between TRe and EHCMC, we look forward to leveraging our combined strength and expertise that can unlock the vast RE potential in Vietnam,” said Baharin.
In TNB REMACO-EVNNPS collaboration, he said TNB is offering valuable services such as O&M and maintenance, repair, and overhaul (MRO).
Through the partnership with EDL, he said TNB is looking forward to strengthening cooperation by exploring investment opportunities in RE as well as exploring off-take opportunities through the Laos-Thailand-Malaysia Power Integration Project (LTM-PIP).
“TNB is ready to be Laos’ strategic partner, fostering growth and realizing Laos as the ‘Battery of Southeast Asia’,” said Baharin.
According to him, this is also in line with TNB’s commitment to accelerate the firm’s 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 EDL for this exciting opportunity,” he said.
TNB, in its four initiatives to fast-track the group’s sustainability agenda, is continuing its huge investment in the Grid of the Future, accelerating decarbonization to increase the enterprise value of its power generation arm, TNB Genco; expanding focus markets to grow its RE portfolio; and focusing on electric vehicle ecosystem development.
GDS, TNB sign supplemental agreement for powering data center campus in Malaysia