皇冠现金网
热门标签

竞彩足球推荐(www.99cx.vip):TNB to decarbonise Genco before its IPO

时间:3周前   阅读:13   评论:1

皇冠体育注册平台www.hg108.vip)是一个开放皇冠体育即时比分、皇冠体育官网注册的平台。皇冠体育注册平台(www.hg108.vip)专业解决皇冠体育会员怎么申请开户、怎么申请皇冠体育信用盘代理、皇冠体育公司的代理怎么拿的问题。

Utility to spend RM20bil per year on green initiative

PETALING JAYA: Tenaga Nasional Bhd (TNB) is unlikely to list its domestic power generation business within the next two to three years.

While the utility giant did not rule out the possibility of floating TNB Power Generation Sdn Bhd (Genco), it told analysts that it would focus on decarbonising the subsidiary first.

Without reducing Genco’s carbon footprint, it would be a “challenge” to obtain a good valuation under the initial public offering (IPO), according to MIDF Research.

This is because about 48% of Genco’s current capacity involves coal, which could weigh down investors’ appetite in terms of environmental, social and governance (ESG) appeal.

“A positive, should this be in the form of a spin-off, is that it will remove substantial ESG drag from TNB as 99% of the group’s emissions is currently coming from generation,” stated MIDF Research in a note.

On Aug 12, Reuters reported that TNB aimed to begin the process next year for a potential US$1bil (RM4.44bil) listing of its power generation business.

The news agency also said that it would be the country’s largest IPO in a decade, as Genco could be valued at US$4bil (RM17.9bil).

President and chief executive officer Datuk Ir Baharin Din said the investment would pave the way for TNB’s journey towards its net zero aspiration and open opportunities in more than doubling its earnings before interest and taxes.

,

竞彩足球推荐www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。竞彩足球推荐上足球分析专家数据更新最快。竞彩足球推荐开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

Following a briefing with TNB, TA Research said the utility giant intends to increase Genco’s enterprise value and enhance its sustainability position, prior to the IPO.

“This is via decarbonisation and energy transition strategies.

“Genco seeks to retire and repower selected coal plants earlier than their original power purchase agreement expiration date.

“Thus, this will enable Genco to be coal-free by the early 2040s versus its targeted 2050 timeline.

“The identified plants include Kapar Energy Ventures, Janamanjung one to four, Manjung five and Jimah East Power,” said the research house.

TA Research also noted that Genco planned to tap into the regional gas and hydroelectric opportunities.

It said Genco would deploy a total capital expenditure (capex) of RM5bil to capture 800 megawatt of capacity by 2050.

For gas, Genco will focus on Vietnam, Thailand and Indonesia, while for hydroelectric, it will focus on Laos and Indonesia.

上一篇:Fed decision and its impact on Asian markets

下一篇:幸运哈希源码:威讯控股(01087.HK)旗下与华为签订合作备忘录 为企业提供数字化转型方案

网友评论