Thursday 20 Jun 2024
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KUALA LUMPUR (Sept 28): Tenaga Nasional Bhd (TNB) plans to generate a total of 3,000 megawatts (MW) of renewable energy by 2040, within the ambit of its National Energy Transition Roadmap (NETR) flagship projects.

This includes harnessing 2,500MW through innovative hybrid hydro-floating solar (HHFS) technology, alongside an additional 500MW from five distinct large-scale solar parks (LSSPs) with a 100MW capacity each, the utility giant said in a statement on Friday.

Under NETR Part 1, TNB named HHFS, LSSP, co-firing hydrogen and ammonia projects, and solar parks as its flagship catalyst projects.

“TNB’s Energy Transition Plan aligns with the NETR, emphasising three key pillars: accelerating generation decarbonisation, developing a flexible cross-border grid, and empowering cross- sector electrification and prosumers,” said TNB president and chief executive officer Datuk Baharin Din at a recent analyst briefing for its second-quarter financial results.

The HHFS project will be executed in four phases from 2023 to 2040, located at TNB hydro dam reservoirs.

TNB Power Generation Sdn Bhd (TNB Genco) will lead the construction of a 230MW capacity installation at the Temenggor and Chenderoh hydro plants, as part of the 2.5GW (gigawatt) pipeline.

The project is targeted to be completed by 2025.

Baharin disclosed that TNB’s New Energy Division (NED) is supporting the Corporate Green Power Programme (CGPP) and is set to generate 90MW of renewable energy when it becomes operational in 2025.

“The programme addresses the growing demand for sustainable energy solutions through LSSPs, complementing existing projects in Sepang, Selangor (50MW), Bukit Selambau (30MW) and Bukit Selambau 2, Kedah (50MW), which [are] projected to be fully operational by the end of this year,” he added.

TNB is also partnering with Petronas (Petroliam Nasional Bhd) for co-firing hydrogen and ammonia projects, and with Mitsui & Chugoku for ammonia and biomass initiatives, aiming to diversify its energy sources.

“Small-scale co-firing projects are underway at selected coal plants in Port Dickson, Negeri Sembilan (Jimah East Power), and Lumut, Perak (Manjung 1 and Manjung 4).

“This front end engineering design (FEED) phase serves as a crucial prerequisite for the co-firing implementation, that we are targeting for specific coal assets,” he added, which puts TNB on track to achieve its 8.3GW renewable energy target by 2025.

As of June 2023, TNB has already achieved 48% of total target capacity.

“Including NETR Part 1 projects, we anticipate adding another 1,200MW of domestic RE (renewable energy) capacity by 2025. We firmly believe that domestic RE will play a pivotal role in our portfolio, aligning with the nation’s objective of reaching 70% installed RE capacity by 2050,” he added.

TNB is also actively fostering partnerships with regional counterparts to support the realisation of the Asean Power Grid (APG), which saw the utility group secure 10 memoranda of understanding (MOU) and letters of intent (LOI), signifying commitment to advancing interconnection infrastructure development and renewable energy investments.

“These NETR initiatives would not only contribute significantly to the nation’s economy but also to meeting the country’s net zero carbon aspiration,” he added.

TNB shares were down three sen or 0.3% to RM9.99 at the time of writing, valuing the group at RM57.82 billion.

Edited BySurin Murugiah
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