Kuala Selangor, Malaysia
Kuala Selangor, Malaysia

Tenaga Nasional Berhad is the largest Electric utility company in Malaysia and also the largest power company in Southeast Asia with MYR 99.03 billion worth of assets. It serves over 8.4 million customers throughout Peninsular Malaysia and also the eastern state of Sabah through Sabah Electricity Sdn Bhd. TNB's core activities are in the generation, transmission and distribution of electricity. Other activities include repairing, testing and maintaining power plants, providing engineering, procurement and construction services for power plants related products, assembling and manufacturing high voltage switchgears, coal mining and trading. Operations are carried out in Malaysia, Mauritius, Pakistan, India and Indonesia. Wikipedia.


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News Article | December 14, 2016
Site: www.rechargenews.com

Norwegian solar developer Scatec has entered the Malaysian solar energy market in a deal with national electric utility Tenaga Nasional Berhad (TNB). Working in consortium with local firm ItraMAS, three 21-year power purchase agreements have been agreed for solar projects totalling nearly 200MW and worth some $300m. The three projects are expected to generate 285GWh of electricity per year. To be located in Merchang in the north, Jasin in the south and Gurun in the west of Peninsular Malaysia, the three PV parks will see Scatec as EPC contractor expecting to invest about $60m for a 49% equity stake. Led by ItraMAS, the local consortium also includes two other Malaysian companies, Maltech and Cam Lite. Choo Boo Lee, CEO of ItraMAS, said: “This is a significant achievement for Malaysia and the solar industry in the region as these projects will help develop local supply chains and uplift local communities.” Malaysia is already a significant manufacturer of solar modules. Commenting on the agreements, Scatec chief executive, Raymond Carlsen, said: “This is a stepping stone to enter one of the most dynamic and fast growing regions of the world.” His comments follow an announcement in January this year, when Scatec said it expects to end 2018 with 1.4GW-1.6GW of solar capacity online or under construction, the vast majority of which will come in Africa, and has recently inked deals for long-term solar projects in Brazil (150MW) and Mozambique (40MW). Together with the Malaysian development the company’s project backlog now stands at 731MW, it said in a statement.


News Article | December 13, 2016
Site: globenewswire.com

Oslo, December 13, 2016: Scatec Solar has entered the Malaysian large-scale solar energy market by joining forces with a local ItraMAS-led consortium that has signed three 21-year Power Purchase Agreements (PPAs) with the country's largest electricity utility, Tenaga Nasional Berhad (TNB). The partnership covers three solar projects totaling nearly 200 MW and involves a total investment of close to USD 300 million. Located in Merchang in the north, Jasin in the south and Gurun in the west of Peninsular Malaysia, the three photovoltaic solar parks cover more than 200 acres each. Scatec Solar expects to invest about USD 60 million through preference shares partly convertible to a 49% equity ownership in the projects. The investment expects to provide long term stable cash flows and to meet Scatec Solar's investment hurdle rates. The agreement with the Malaysian consortium includes Scatec Solar acting in its well-known integrated role, including undertaking the turnkey EPC for the projects. "This is a landmark opportunity to bring our wide-ranging expertise to realize the largest solar energy portfolio in South East Asia. For Scatec Solar and our partners, this is a stepping stone to enter one of the most dynamic and fast growing regions of the world'' said Raymond Carlsen, CEO of Scatec Solar. Headquartered in Kuala Lumpur, ItraMAS, a Malaysian LED lighting and traffic management and construction engineering company, is the lead sponsor of the three solar projects and signed the PPA on behalf of the local consortium that includes two other Malaysian companies, Maltech and Cam Lite. CIMB, Malaysia's second largest commercial bank, has been appointed to arrange the non-recourse project debt financing for the three projects. All development, financing and project implementation preparatory activities are currently underway to reach timely financial close with the construction expected to begin immediately thereafter. Welcoming the co-development of the projects by Scatec Solar, Choo Boo Lee, CEO of ItraMAS said ''This is a significant achievement for Malaysia and the solar industry in the region as these projects will help develop local supply chains and uplift local communities''. Malaysia is already a major manufacturing hub for Chinese solar energy equipment. The three solar projects are expected to generate 285,000 MWh of electricity per year. The clean solar electricity will avoid 210,000 tons of carbon emissions per year, taking Malaysia closer to achieving its promised emission cuts under the Paris Climate Agreement. Scatec Solar is a leading developer and owner of large scale solar in Africa, Europe, Middle East and the Americas. Over the last few weeks the company has secured a 20 year PPA for 150 MW in Brazil and a 25 year PPA for a 40 MW solar plant in Mozambique. With the announcement of the partnership in Malaysia, Scatec Solar's project backlog now stands at 731 MW, and is well on track to reach its target of having 1.3 - 1.5 GW in operation and under construction by the end of 2018. For further information, please contact: Mr. Mikkel Tørud, CFO                          tel: +47 976 99 144       mikkel.torud@scatecsolar.com For Media: Ms. Julie Hamre, Communications       tel: +47 920 20 854        julie.hamre@scatecsolar.com About Scatec Solar Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable source of clean energy worldwide. A long term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants, and already has an installation track record of close to 600 MW. The company is producing electricity from 426 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras, Jordan and the United States. With an established global presence, the company is growing briskly with a project backlog and pipeline of close to 1.6 GW under development in the Americas, Africa, Asia and the Middle East. Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SSO'


News Article | December 13, 2016
Site: globenewswire.com

Oslo, December 13, 2016: Scatec Solar has entered the Malaysian large-scale solar energy market by joining forces with a local ItraMAS-led consortium that has signed three 21-year Power Purchase Agreements (PPAs) with the country's largest electricity utility, Tenaga Nasional Berhad (TNB). The partnership covers three solar projects totaling nearly 200 MW and involves a total investment of close to USD 300 million. Located in Merchang in the north, Jasin in the south and Gurun in the west of Peninsular Malaysia, the three photovoltaic solar parks cover more than 200 acres each. Scatec Solar expects to invest about USD 60 million through preference shares partly convertible to a 49% equity ownership in the projects. The investment expects to provide long term stable cash flows and to meet Scatec Solar's investment hurdle rates. The agreement with the Malaysian consortium includes Scatec Solar acting in its well-known integrated role, including undertaking the turnkey EPC for the projects. "This is a landmark opportunity to bring our wide-ranging expertise to realize the largest solar energy portfolio in South East Asia. For Scatec Solar and our partners, this is a stepping stone to enter one of the most dynamic and fast growing regions of the world'' said Raymond Carlsen, CEO of Scatec Solar. Headquartered in Kuala Lumpur, ItraMAS, a Malaysian LED lighting and traffic management and construction engineering company, is the lead sponsor of the three solar projects and signed the PPA on behalf of the local consortium that includes two other Malaysian companies, Maltech and Cam Lite. CIMB, Malaysia's second largest commercial bank, has been appointed to arrange the non-recourse project debt financing for the three projects. All development, financing and project implementation preparatory activities are currently underway to reach timely financial close with the construction expected to begin immediately thereafter. Welcoming the co-development of the projects by Scatec Solar, Choo Boo Lee, CEO of ItraMAS said ''This is a significant achievement for Malaysia and the solar industry in the region as these projects will help develop local supply chains and uplift local communities''. Malaysia is already a major manufacturing hub for Chinese solar energy equipment. The three solar projects are expected to generate 285,000 MWh of electricity per year. The clean solar electricity will avoid 210,000 tons of carbon emissions per year, taking Malaysia closer to achieving its promised emission cuts under the Paris Climate Agreement. Scatec Solar is a leading developer and owner of large scale solar in Africa, Europe, Middle East and the Americas. Over the last few weeks the company has secured a 20 year PPA for 150 MW in Brazil and a 25 year PPA for a 40 MW solar plant in Mozambique. With the announcement of the partnership in Malaysia, Scatec Solar's project backlog now stands at 731 MW, and is well on track to reach its target of having 1.3 - 1.5 GW in operation and under construction by the end of 2018. For further information, please contact: Mr. Mikkel Tørud, CFO                          tel: +47 976 99 144       mikkel.torud@scatecsolar.com For Media: Ms. Julie Hamre, Communications       tel: +47 920 20 854        julie.hamre@scatecsolar.com About Scatec Solar Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable source of clean energy worldwide. A long term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants, and already has an installation track record of close to 600 MW. The company is producing electricity from 426 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras, Jordan and the United States. With an established global presence, the company is growing briskly with a project backlog and pipeline of close to 1.6 GW under development in the Americas, Africa, Asia and the Middle East. Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SSO'


News Article | December 13, 2016
Site: globenewswire.com

Oslo, December 13, 2016: Scatec Solar has entered the Malaysian large-scale solar energy market by joining forces with a local ItraMAS-led consortium that has signed three 21-year Power Purchase Agreements (PPAs) with the country's largest electricity utility, Tenaga Nasional Berhad (TNB). The partnership covers three solar projects totaling nearly 200 MW and involves a total investment of close to USD 300 million. Located in Merchang in the north, Jasin in the south and Gurun in the west of Peninsular Malaysia, the three photovoltaic solar parks cover more than 200 acres each. Scatec Solar expects to invest about USD 60 million through preference shares partly convertible to a 49% equity ownership in the projects. The investment expects to provide long term stable cash flows and to meet Scatec Solar's investment hurdle rates. The agreement with the Malaysian consortium includes Scatec Solar acting in its well-known integrated role, including undertaking the turnkey EPC for the projects. "This is a landmark opportunity to bring our wide-ranging expertise to realize the largest solar energy portfolio in South East Asia. For Scatec Solar and our partners, this is a stepping stone to enter one of the most dynamic and fast growing regions of the world'' said Raymond Carlsen, CEO of Scatec Solar. Headquartered in Kuala Lumpur, ItraMAS, a Malaysian LED lighting and traffic management and construction engineering company, is the lead sponsor of the three solar projects and signed the PPA on behalf of the local consortium that includes two other Malaysian companies, Maltech and Cam Lite. CIMB, Malaysia's second largest commercial bank, has been appointed to arrange the non-recourse project debt financing for the three projects. All development, financing and project implementation preparatory activities are currently underway to reach timely financial close with the construction expected to begin immediately thereafter. Welcoming the co-development of the projects by Scatec Solar, Choo Boo Lee, CEO of ItraMAS said ''This is a significant achievement for Malaysia and the solar industry in the region as these projects will help develop local supply chains and uplift local communities''. Malaysia is already a major manufacturing hub for Chinese solar energy equipment. The three solar projects are expected to generate 285,000 MWh of electricity per year. The clean solar electricity will avoid 210,000 tons of carbon emissions per year, taking Malaysia closer to achieving its promised emission cuts under the Paris Climate Agreement. Scatec Solar is a leading developer and owner of large scale solar in Africa, Europe, Middle East and the Americas. Over the last few weeks the company has secured a 20 year PPA for 150 MW in Brazil and a 25 year PPA for a 40 MW solar plant in Mozambique. With the announcement of the partnership in Malaysia, Scatec Solar's project backlog now stands at 731 MW, and is well on track to reach its target of having 1.3 - 1.5 GW in operation and under construction by the end of 2018. For further information, please contact: Mr. Mikkel Tørud, CFO                          tel: +47 976 99 144       mikkel.torud@scatecsolar.com For Media: Ms. Julie Hamre, Communications       tel: +47 920 20 854        julie.hamre@scatecsolar.com About Scatec Solar Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable source of clean energy worldwide. A long term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants, and already has an installation track record of close to 600 MW. The company is producing electricity from 426 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras, Jordan and the United States. With an established global presence, the company is growing briskly with a project backlog and pipeline of close to 1.6 GW under development in the Americas, Africa, Asia and the Middle East. Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SSO'


News Article | December 13, 2016
Site: globenewswire.com

Oslo, December 13, 2016: Scatec Solar has entered the Malaysian large-scale solar energy market by joining forces with a local ItraMAS-led consortium that has signed three 21-year Power Purchase Agreements (PPAs) with the country's largest electricity utility, Tenaga Nasional Berhad (TNB). The partnership covers three solar projects totaling nearly 200 MW and involves a total investment of close to USD 300 million. Located in Merchang in the north, Jasin in the south and Gurun in the west of Peninsular Malaysia, the three photovoltaic solar parks cover more than 200 acres each. Scatec Solar expects to invest about USD 60 million through preference shares partly convertible to a 49% equity ownership in the projects. The investment expects to provide long term stable cash flows and to meet Scatec Solar's investment hurdle rates. The agreement with the Malaysian consortium includes Scatec Solar acting in its well-known integrated role, including undertaking the turnkey EPC for the projects. "This is a landmark opportunity to bring our wide-ranging expertise to realize the largest solar energy portfolio in South East Asia. For Scatec Solar and our partners, this is a stepping stone to enter one of the most dynamic and fast growing regions of the world'' said Raymond Carlsen, CEO of Scatec Solar. Headquartered in Kuala Lumpur, ItraMAS, a Malaysian LED lighting and traffic management and construction engineering company, is the lead sponsor of the three solar projects and signed the PPA on behalf of the local consortium that includes two other Malaysian companies, Maltech and Cam Lite. CIMB, Malaysia's second largest commercial bank, has been appointed to arrange the non-recourse project debt financing for the three projects. All development, financing and project implementation preparatory activities are currently underway to reach timely financial close with the construction expected to begin immediately thereafter. Welcoming the co-development of the projects by Scatec Solar, Choo Boo Lee, CEO of ItraMAS said ''This is a significant achievement for Malaysia and the solar industry in the region as these projects will help develop local supply chains and uplift local communities''. Malaysia is already a major manufacturing hub for Chinese solar energy equipment. The three solar projects are expected to generate 285,000 MWh of electricity per year. The clean solar electricity will avoid 210,000 tons of carbon emissions per year, taking Malaysia closer to achieving its promised emission cuts under the Paris Climate Agreement. Scatec Solar is a leading developer and owner of large scale solar in Africa, Europe, Middle East and the Americas. Over the last few weeks the company has secured a 20 year PPA for 150 MW in Brazil and a 25 year PPA for a 40 MW solar plant in Mozambique. With the announcement of the partnership in Malaysia, Scatec Solar's project backlog now stands at 731 MW, and is well on track to reach its target of having 1.3 - 1.5 GW in operation and under construction by the end of 2018. For further information, please contact: Mr. Mikkel Tørud, CFO                          tel: +47 976 99 144       mikkel.torud@scatecsolar.com For Media: Ms. Julie Hamre, Communications       tel: +47 920 20 854        julie.hamre@scatecsolar.com About Scatec Solar Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable source of clean energy worldwide. A long term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants, and already has an installation track record of close to 600 MW. The company is producing electricity from 426 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras, Jordan and the United States. With an established global presence, the company is growing briskly with a project backlog and pipeline of close to 1.6 GW under development in the Americas, Africa, Asia and the Middle East. Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SSO'


News Article | July 12, 2015
Site: www.themalaysianinsider.com

Energy, Green Technology and Water Minister Datuk Seri Maximus Ongkili has confirmed that Tenaga Nasional Berhad (TNB) will buy 1Malaysia Development Berhad (1MDB)'s stake in the Project 3B coal power plant. – The Malaysian Insider file pic, June 18, 2015. Tenaga Nasional Berhad (TNB) will buy over 1Malaysia Development Berhad (1MDB)'s stake in the Project 3B coal power plant, the Energy, Green Technology and Water Minister Datuk Seri Maximus Ongkili confirmed today. Ongkili told reporters at the Parliament lobby today that TNB is buying over 1MDB's 70% in the project, held through the state investor's energy arm, Edra Global Energy Bhd, for an undisclosed price. "It's on a willing-buyer-willing-seller basis," he said. The Cabinet approved the move as the power plant project has been delayed by 1MDB, which faced cash flow problems as it sat on a RM42 billion debt. "TNB requested that they would like to take over the project," Ongkili said today, adding that the government chose not to go with an open tender because the project was delayed and TNB could do it "fast and at an acceptable rate." "They have requested a small revision to the tariff because it is six months late and the exchange, rate, too has changed since then," he said. The tariff rate would be decided by TNB and the government, he added. 1MDB obtained the RM11 billion project in early 2014 in a joint venture with Mitsui & Co Ltd and reportedly beat YTL Power International, TNB and Malakoff Corp in the open tender bid. Earlier this month, The Star reported that TNB would set aside some RM500 million as equity to start the project as soon as possible. – June 18, 2015.


News Article | July 10, 2015
Site: www.therakyatpost.com

Tenaga Nasional Berhad (TNB) has warned the public not to fall for any e-mails, claiming to have been sent by them, offering exclusive rewards such as cash. The e-mail apparently offers recipients RM150,000 in cash and according to TNB senior general manager of corporate affairs and communications Datuk Mohd Aminuddin Mohd Amin, this was not the first time such an e-mail has been sent. “It is a fake e-mail spread by irresponsible quarters to steal personal information. “All communication via e-mail by TNB is done using the company’s e-mail address and not e-mail addresses like gmail, yahoo, Hotmail, outlook.my and others,” he said in a statement today. TNB said a complaint has already been made for further action to be taken by the Malaysian Communications and Multimedia Commission (MCMC). He also advised the public not to reveal any personal information to any quarters they were unfamiliar with. For further information, customers can contact TNB Careline at 1-300885454 or on Facebook (TNB Careline).


News Article | July 10, 2015
Site: english.astroawani.com

: Following the decision to buy 1Malaysia Development Berhad’s(1MDB) largest stake in a power plant project, Tenaga Nasional Berhad (TNB) now intends to raise about RM10 billion in an Islamic bond issue.If the plan goes through, the bond would be the biggest sukuk globally this year, advancing the sukuk market after the issuance dropped in the first quarter to a record low in four years, Reuters reported.However, sources said the plans for the issue are still in preliminary stages.According to the report, TNB’s biggest shareholder, Khazanah Nasional Berhad is considering at a single issue bond instead of a series of bonds.Khazanah has sent a few proposals to different banks, sources told Reuters.Earlier this month, TNB decided to purchase 1MDB’s 70 percent stake in a Greenfield 2,000 MW coal-powerd plant, 3B.The transaction between TNB and 1MDB is believed to alleviate 1MDB by scaling down its debt of over than $11billion (RM4, 1163, 650,000).However, TNB’s CEO Datuk Seri Azman Mohd has denied the claims that the purchase of 3B is not a bailout for the troubled investment company.


News Article | July 2, 2015
Site: www.themalaymailonline.com

TNB to raise electricity generation capacity in Kelantan for Aidilfitri PASIR PUTEH, July 2 ― Tenaga Nasional Berhad (TNB) will raise its electricity generation capacity in Kelantan, from 600 to 629 megawatts to ensure adequate supply during Hari Raya Aidilfitri. Its Kelantan general manager, Ir Md Yuslan Md Yusof said the additional power supply was due to the drastic increase in power consumption as hundreds of thousands would return to their hometowns for the Hari Raya celebrations. “Based on our previous experience, the additional power supply is adequate,” he told reporters after the ceremony to hand-over house keys to the poor by Selising Assemblyman Zulkifli Ali at Kampung Banir Belikong, last night. He said under the Baiti Jannati project, TNB had spent RM50,000 to build a new three-bedroom home for a married couple, Che Isa Che Daud, 44, and Maskah Awang, 36. Che Isa, who is a labourer said he was deeply grateful to have received a more comfortable place for his wife and their three children to stay. Che Isa's wife, Maskah said it was even more meaningful for the family to celebrate Hari Raya in their new house after living for about a year in a house built from bamboo. ― Bernama


News Article | August 22, 2016
Site: www.renewableenergyworld.com

The 382-MW Ulu Jelai hydropower project, which began construction in 2011, is 95% complete and expected to be fully-commissioned in the third quarter of this year, in the district of Cameron Highlands, Pahang, Malaysia, according to state-owned power utility Tenaga Nasional Bhd (TNB), Malaysia's largest utility company and the project’s owner.  

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