Investor Presentaiton
GLOBAL RE EXPANSION; A VITAL MOVE TOWARDS ACHIEVING OUR
SUSTAINABILITY COMMITMENTS
100% stake in VANTAGE RE
GLOBAL FOOTPRINT
30% stake in GAMA
Acquisition: 2016
Capacity: 853MW in gas, 131.5 in
Hydro, 117.5MW in wind &
100mcm p.a. water conveyance
(in Jordan)
6% stake in SHUAIBAH
• Acquisition: 2005
• Capacity: 1,190MW in IWPP
& water desalination of
375.95mcm p.a.
New Energy Division established to advance
international business commitments on:
Defocusing on India and Pakistan through
divestments.
Expansion of RE in targeted markets,
includes the UK, Europe and SEA.
Strategic partnership with one of the
leading RE players to leverage on their
technological expertise.
Acquisition of 49% stake in 41.5MW Blyth
offshore UK wind farm in October 2021
• Marks TNB's maiden entry into UK offshore wind
market, showcasing TNB's capability and
commitment to its Sustainability Pathway
aspiration.
• Strategic partnership with EDF, capitalising on
EDF's vast experience & capabilities in RE for future
growth.
• Formation: 2021
.
Capacity: 26.6MW in wind, 365MW
in solar
100% stake in TRE
• Formation: 2018
.
• Growing TNB's utility business in
SEA specifically in Singapore &
Vietnam
30% stake in GMR
•
• Acquisition: 2016
• Capacity: 1,650MW in coal,
388MW in gas & 26MW in solar
INTERNATIONAL BUSINESS STRATEGY
Ground Zero
Value Protection & Value Creation
for existing assets
Part of this strategy involves :
Growing TNB's International RE
business. Focused market in UK,
Europe and SEA.
Continue to drive initiatives to
seek monetization options for our
assets in India and other non-focus
markets.
Recently, TNB had divested on LPL
and exited from Pakistan.
•
•
Ambition #1
RE Growth Strategy (UK/Europe)
Grow TNB'S Renewable Energy (RE)
business in the UK and Europe via the
Vantage RE Ltd (launched on 1st July 2021)
by leveraging on existing assets, capabilities
and experience to acquire operational
assets with contracted revenues.
Develop greenfield RE projects via an RE
Development Co (ReDevCo) platform that
could provide pipeline of future operational
assets to Vantage RE Ltd.
Ambition #2
Grow Utility in South East Asia (SEA)
We foresee extensive potential in growing revenue
and returns through greenfield development and
M&A across the utility value chain in SEA, leveraging
of TNB's core business experience and capabilities.
Vietnam: We are currently fiinalising our acquisition of
39% stake from Sunseap in 21.6MW rooftop solar
project which expected to be completed by 1QFY'22.
Ambition #3
Technology Catalyst
Future proofing TNB with the right
technologies within the Energy
Transition landscape to enhance
capabilities and future growth.
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