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Renewable energy trading within ASEAN power grid important for sustainability - TNB

KUALA LUMPUR, May 26 (Bernama) -- Collaboration in energy trading, especially generated from renewable sources among the ASEAN power grid will be important for sustainability and energy adequacy, said Tenaga Nasional Bhd (TNB).

Dr Noor Miza Muhamad Razali, project director at the Project Management Office Sustainability Pathway 2050 Strategy and Ventures Division, said grid-interconnection would be good for power systems anywhere beyond energy transfer as it offers a measure of stability to the systems.

However, this depends on the respective countries whether they consider internal consumption of renewable energy (RE) as better when it comes to addressing the sustainability agenda, she said during a virtual briefing on TNB’s Sustainability Pathway today.

In September 2017, a tripartite agreement was signed which saw TNB agreeing to purchase 100MW of electricity from Laos, utilising the transmission grid of mutual neighbour Thailand.

Laos exports its electricity produced by hydropower stations in the Mekong Delta.

“It is a practice to trade RE from one country to another within ASEAN (the Association of Southeast Asian Nations) and definitely globally,” she said.

“When we talk about Malaysia, we should not discount the fact that Sarawak has its interconnection with Indonesia and Sabah as well. Sabah is also very close to the Philippines … so definitely there are opportunities (for future trading) as well,” she said.

Dr Noor Miza said TNB is making gradual progress on its RE growth strategy to achieve 8.3GW of RE by 2035; currently, the total installed RE capacity stood at 3.4GW consisting of domestic hydro (2.5GW), domestic solar (0.2GW) and international solar, hydro and wind (0.7GW).

She said TNB will continue expanding its RE investments in the overseas market with its existing footprint and explore new markets, citing identified emerging focus areas that include wind turbines, solar panels, green hydrogen, energy storage, electric mobility and smart cities.

“We will invest and grow our emerging green technologies, to achieve net zero and coal-free targets by 2050,” she added.

TNB had in late 2021 formed a New Energy Division to expand the company’s RE portfolio in targeted markets and to set up strategic partnerships with leading RE players to leverage technical expertise.

The New Energy Division streamlines TNB’s RE expansion arms and oversees two key entities -- wholly-owned subsidiary, Vantage RE Ltd, to focus on the United Kingdom and Europe markets, and local-based TNB Renewables, to focus on the domestic and Southeast Asian markets.

-- BERNAMA

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