TNB to focus on energy transition tie-ups
KUALA LUMPUR: Tenaga Nasional Bhd (TNB) is poised to forge partnerships with governments, investors and key stakeholders to accelerate responsible energy transition (ET) while addressing the energy trilemma, reflecting its continued unwavering commitment to driving sustainable development initiatives in Asean.
TNB president and chief executive officer Datuk Seri Baharin Din said there is a need for a responsible ET to address the rapidly increasing demand for electricity and emphasised that TNB is prepared to meet this demand while reducing emissions.
“Within the Asean region, the goal is to source 3,000 gigawatts (GW) of capacity from clean energy. Currently, Asean has installed 95 GW of thermal fuel and 188 GW of renewable energy (RE). By 2050, the region aims to reach over 2,700 GW of RE,” he said.Baharin shared his views on the critical challenge of accelerating a responsible ET in balancing the energy trilemma that highlighted the need for a responsible ET to address the rapidly increasing demand for electricity, energy sustainability and energy affordability during a recent address at the Enlit Asia 2023 conference, Bernama reported.
Highlighting that policy, green technology and funding are key enablers of a successful ET, Baharin stressed the substantial investment required to achieve Asean’s net-zero goals by 2050.
He also expressed optimism in the shifting landscape, where governments are actively setting policies to support the growth of low-carbon businesses.
Collaborative partnerships with regional counterparts through platforms like Heads of Asean Power Utilities and Authorities, Senior Officials Meeting on Energy, and Asean Ministers on Energy Meeting have expedited progress towards sustainable energy objectives, he added.
Baharin said Malaysia plays a pivotal role in facilitating collective ET objectives within the region, where the country is bolstering its transmission infrastructure to strengthen regional cooperation and support the interconnection of energy systems across borders through the Asean Power Grid.
Source : thestar.com.my
