TNB to Unlock RM 10 Billion in Commercial Value Up To 2035, CO2 Avoidance of 700,000 Cars
Tenaga Nasional Berhad (TNB) intends to work with PETRONAS on joint feasibility studies in the areas of Hydrogen and Carbon Capture with a view to unlock the commercial value of at least RM10 billion up to 2035, said TNB President and Chief Executive Officer, Dato' Indera Ir. Baharin Din.
The studies form part of the areas covered under a Memorandum of Understanding (MoU) inked by both companies on 19th August. The MoU was signed to strengthen collaboration in driving innovative solutions toward decarbonisation, making it a historical milestone in supporting Malaysia’s aspiration to be a carbon-neutral nation by 2050.
The decarbonisation efforts would be achieved mainly through a collaborative study to develop a green hydrogen ecosystem and carbon capture and storage (CCS) technology, leveraging both organisations' technical expertise and resources.
In addition, the two companies will repower the retired combined-cycle gas-fired power plant in Paka, Terengganu (the Sultan Ismail Power Station or SIPS) by using gas with hydrogenready technology.
TNB will be investing RM6.3 billion in the repowering of SIPS using high-efficient Combined Cycle Gas Turbine (CCGT) with hydrogen-ready technology for cleaner energy production.
Baharin said the repowering of the plant will leverage on the strengths of both TNB and PETRONAS; and will serve as a unique pioneering project in deploying green technologies that may be utilised in future power plants.
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