Business : TNB's RM15 Bln Grid Investment To Support Power Reliability, Industrial Growth -- Solarvest
KUALA LUMPUR, Oct 9 (Bernama) -- Tenaga Nasional Bhd’s (TNB) RM15 billion investment in the national grid announced in Budget 2027 today addresses a critical priority and need for the infrastructure to support reliable power and industrial expansion, said Solarvest Holdings Bhd.
KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has committed RM15 billion to enhance the national grid in Budget 2027, according to Solarvest Holdings Bhd. The company's CEO, Datuk Davis Chong Chun Shiong, highlighted the importance of the investment in supporting reliable power and industrial growth. Solarvest plans to collaborate with TNB on smart grids, digital energy management, and utility-scale battery energy storage systems (BESS) to cater to rising corporate energy demands under the accelerated Corporate Renewable Energy Supply Scheme (CRESS).
The company is committed to fostering clean energy adoption across critical economic hubs, including semiconductor regions in Penang and Kulim Hi-Tech Park (KHTP), the Automotive Hi-Tech Valley in Perak, and AI-driven data centres in Selangor and Johor. By incorporating advanced AIoT smart grid solutions, Solarvest aims to prevent grid congestion, optimize intermittent solar integration, and ensure consistent power delivery for mission-critical industries.
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