TNB and Glomac Form a Strategic Partnership to Explore Green Energy Opportunities

07/05/2023

Tenaga Nasional Berhad (TNB) that leads the implementation of the nation’s responsible energy transition, recently sealed a Memorandum of Understanding (MoU) with Glomac Berhad, an established property developer via its subsidiary Glomac Technology Sdn Bhd (GTSB) on 17 April 2023. Both parties will explore the potential business opportunities of
floating solar as well as other solar and green facility projects at potential sites, mutually to be agreed upon by both parties.

“This strategic partnership will enable both parties to fulfil our customers’ rising demand for green energy,” said TNB President and Chief Executive Officer, Dato’ Indera Ir. Baharin Din. Baharin stressed that the partnership would enhance the sustainable business values of both TNB and Glomac in developing Environmental, Social, and Governance (ESG) capabilities in support of Malaysia’s aspirations to be a carbon-neutral nation by 2050. “TNB, as the national utility provider will help our clients and partners unlock their sustainable value to a greater height.”

Baharin signed the MoU on behalf of TNB while GTSB was represented by Glomac Berhad Group Managing Director/Chief Executive Officer, Datuk Seri FD Iskandar at TNB Platinum, Bangsar. The MoU signing ceremony was witnessed by TNB Chief Retail Officer, Kamal Arifin A. Rahman and Glomac Bhd’s Business Development General Manager, Azhar Shaharudin.

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