2027 Budget: RM15bil investment strengthens national grid – TNB
KUALA LUMPUR: The RM15 billion investment to strengthen the national grid, highlighted in 2027 Budget, will enhance the capacity of the country’s electricity supply system to meet growing demand.
The 2027 budget announced by the Malaysian government allocates RM15 billion towards strengthening the national grid, as highlighted in a statement from Tenaga Nasional Bhd (TNB). This investment is part of a larger RM43 billion allocation for the 2025-2027 period, aimed at modernizing and expanding the country's electricity supply system.
TNB highlights that the upgrades will support the growth of the digital economy and artificial intelligence, which require a stable electricity supply, including for large-scale data centres. The company also emphasizes the importance of initiatives such as the Green Lane Pathway, Corporate Renewable Energy Supply Scheme, and Green Electricity Tariff in providing industries with options to meet their renewable energy requirements.
Additionally, TNB has welcomed the extension of the electricity bill protection threshold to benefit up to 90% of domestic consumers. The utility company is also committed to empowering the Bumiputera economy, with over RM11 billion channeled through the Bumiputera Vendor Development Programme 3.0. TNB reaffirms its commitment to achieving net-zero carbon emissions and a 70% renewable energy generation capacity by 2050, through investments in large-scale solar initiatives, battery energy storage systems, and the Hydro Life Extension Programme.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
