皇冠现金网:Tenaga plans US$1bil IPO for power business, sources say

新2会员网址www.hg108.vip)实时更新发布最新最快最有效的新2网址和新2最新网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。

SINGAPORE: Tenaga Nasional Bhd plans to begin the process next year for a potential US$1 billion listing of its power generation business, sources close to the matter told Reuters.

In what would be the country's largest initial public offering (IPO) in a decade, TNB Power Generation Sdn Bhd, known as TNB Genco, could be valued at about $4 billion, the sources said, declining to be named owing to the confidential nature of the matter.

Proceeds from the offering will be used to grow TNB Genco's renewable energy portfolio, they added.

Tenaga, which counts Malaysian sovereign wealth fund Khazanah Nasional Bhd as its biggest shareholder, said the company had been exploring various initiatives to boost shareholder value, including a potential listing of TNB Genco.

However, Tenaga had not made a "definitive decision in relation to these potential initiatives" and was currently focused on improving operational performance, the company said in response to a Reuters request for comment.

TNB Genco's IPO plan comes as Malaysia's economy grew at its fastest annual pace in the second quarter, boosted by expansion in domestic demand and resilient exports. The economy has seen strong recovery since it reopened its borders in April.

The IPO, if it materialises, would be Malaysia's biggest since the listing of pay TV firm Astro Malaysia Holdings Bhd in 2012. The amount raised from Malaysian IPOs has risen 37% to $570 million so far this year, according to Refinitiv data.

,

皇冠现金网www.hg108.vip)是一个开放皇冠正网即时比分、皇冠现金网开户的平台。皇冠现金网开户平台(www.hg108.vip)提供最新皇冠登录,皇冠APP下载包含新皇冠体育代理、会员APP,提供皇冠信用网代理开户、皇冠信用网会员开户业务。

,

CLEAN ENERGY

Tenaga has aimed at turning TNB Genco into a greener power generator as part of its ambition to grab a bigger share of the clean energy market, its president and CEO, Baharin Din, said in a statement on Aug. 2.

The clean energy market is estimated to be worth between 65 billion ringgit ($14.64 billion) and 80 billion ringgit in Malaysia by 2050, and Tenaga aims to have TNB Genco take 40 billion ringgit of it, he added.

The company will be looking to retire certain coal plants, and seek potential collaboration with technology partners to further the development of hydrogen as a viable clean source of energy, Baharin said.

Tenaga incorporated TNB Genco as a separate unit in August 2019 to take on its generation assets and liabilities as part of its group-wide transformation plan. TNB Genco says on its website it has a 54.3% share of Malaysia's power generation market.

TNB Genco started operation in October 2020 and owns 10 thermal power plants, three hydroelectric schemes, two large solar farms and one port in Malaysia, according to its website. Its generating assets have a total capacity of 15,882 megawatts.

Its businesses also include operation and maintenance, repair and overhaul for energy-related industry. - Reuters

  • 评论列表:

添加回复:

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。