TNB’s UK Venture Unveils Insights on Malaysia’s Energy Transition (ET)

10/07/2023

• Government explores energy import and export markets as Malaysia aims for a pivotal role in the ASEAN power grid
• Empowering Malaysia's ET: TNB's knowledge, expertise, and ideas from developed markets like Europe help to fuel the energy transition

Tenaga Nasional Berhad’s (TNB) foray into the renewable energy business in Europe through its wholly-owned subsidiary in the UK, Vantage RE Ltd will provide Malaysia with invaluable insights to accelerate the country’s responsible Energy Transition (ET), said the Minister of Natural Resources, Environment and Climate Change (NRECC), Nik Nazmi Nik Ahmad.

It is essential for Malaysia to successfully navigate this energy transition, whilst balancing issues such as energy security, affordability, and environmental sustainability. In doing so, Malaysia will be able to remain economically resilient while at the same time, leveraging on the economic opportunities of sustainable growth. The transition will also benefit the country through technology transfer and enhancement of human capital competencies.

Nik Nazmi who was in London recently for a working visit to Vantage RE, commended TNB for its remarkable achievement in leading Malaysia’s ET, reducing its carbon footprint, and embracing renewable energy both in Malaysia and overseas. For TNB’s UK RE business, he said the knowledge and expertise to be tapped are invaluable for TNB and Malaysia.

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