Tenaga Nasional Berhad (TNB) of Malasia announced that it aims to install over 14 GW of renewable energy capacity by 2050 and retire some of its coal-fired assets earlier than planned. This is part of its ongoing efforts to achieve emissions reductions targets.
TNB has committed to a 35 per cent reduction in carbon emissions intensity and a 50 per cent reduction of its coal-fired generation capacity by 2035, and it is targeting net zero emissions by 2050.
TNB said that it also wants to re-fuel existing power infrastructure with hydrogen, as it wants to position its generation arm, GenCo, as a greener and more sustainable operator in the power generation sector.
Datuk Baharin Din, President and CEO of TNB, said: “TNB is very much in the driver’s seat when it comes to delivering Malaysia’s energy transition.” He said that TNB will start by closing the 1.4 GW Kapar Energy Ventures coal plant by 2029, a year before the expiry of its PPA. He also said: “We have received a Letter of Intent to allow the repowering of our 1400 MW gas-fired plant in Paka, which we intend to make hydrogen ready by 2029.”