TNB aims to ensure that coal-related revenue does not exceed 25% of group revenue. Besides, there will be no new coal-fired power plant investments.
KUALA LUMPUR: UOB Kay Hian Malaysia Research is upbeat on Tenaga Nasional Bhd
’s (TNB) increasing emphasis on sustainable energy solutions and this sets the tone for the group’s ambitious renewable energy (RE) targets.
In its research note on Friday, it said TNB is focusing on sustainable energy solutions as it wants coal-related revenue to fall to 20% by 2030.
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