Malaysia’s Tenaga Plans To Set Up A Green Energy Platform In India

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  • Tenaga supplies electricity to Malaysia’s 31.7 million people
  • Tenaga has been looking at India for some time now
  • The green energy play may involve setting up a renewable energy platform and also acquiring assets
  • Tenaga had earlier invested in GMR Energy Ltd

Malaysian government owned Tenaga Nasional Berhad is exploring the option of setting up a renewable energy platform in India, a person aware of the development said to Mint. The company supplies electricity to Malaysia’s 31.7 million people.

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In April, yet another Malaysian government-owned company, Petroliam Nasional Bhd, or Petronas, had acquired one of India’s largest rooftop solar power producers, Amplus Energy Solutions Pvt. Ltd. The oil and gas company had paid 2,700 crore for the deal.

The above-mentioned person also cited that Tenaga has been looking at India for some time now. The green energy play for them may involve setting up a renewable energy platform and also acquiring assets.

Tenaga had earlier invested in GMR Energy Ltd. GMR Energy is a joint venture between GMR Group and Tenaga Nasional Berhad, wherein GMR Group holds a 52 per cent stake, while Tenaga holds 30 per cent. Tenaga is listed on Bursa Malaysia.

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Other developments
In another development, EDEN Renewables India, a joint venture between Total Eren and EDF Renewables, on Tuesday said the French firms’ JV has inked four power purchase agreements for solar power projects totalling 716 megawatts (MW) in northern India.

EDF Renewables and Total Eren already operate four solar power plants in India totaling 207 MWp of installed capacity in Rajasthan, Uttarakhand and Madhya Pradesh, the firms said in a statement.

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