TNB & SP Setia signal MoU on inexperienced vitality initiatives

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has partnered SP Setia Bhd to supply good vitality and renewable vitality (RE) options to the developer’s future property developments.

In an announcement, TNB stated a memorandum of understanding (MoU) was signed to allow the set up of a rooftop photo voltaic PV system in addition to making certain the properties are future-ready to assist the set up of battery options in SP Setia’s upcoming residential and business improvement initiatives.

The utility large stated the initiative supplied prospects of SP Setia the choice to leverage on the answer as soon as it was commercially obtainable upon the tip of the Internet Vitality Metering (NEM) quota.

The premises are additionally designed to assist the set up of electrical automobile (EV) chargers if the homeowners determine to put in them later.

TNB stated the initiative was in step with the group’s sustainability pathway and SP Setia’s environmental, social and governance (ESG) roadmap in direction of zero internet carbon emissions by 2050.

The NEM 3.0 scheme encourages electrical energy customers to put in rooftop photo voltaic PV, whereby the surplus vitality generated by photo voltaic PV will be exported again to the ability grid on a “one-on-one” offset foundation.

An allocation quota of 800 MW from 2021-2023 is offered for NEM 3.0 scheme for residential homes, business buildings in addition to buildings of the federal government and its companies.

The MoU was signed by TNB chief retail officer Datuk Ir Megat Jalaluddin Megat Hassan and SP Setia president and chief govt officer Datuk Choong Kai Wai.

TNB president and chief govt officer Datuk Ir. Baharin Bin Din stated the MoU would offer TNB with a chance to assist promote low carbon mobility in addition to achieve insights into property builders’ preferences and expectations, thus enabling TNB to establish its future strategic companions.

“TNB would even be concerned on the early stage of the property improvement to supply good vitality options to SP Setia.

“Given our expertise and experience, we goal to leverage on the 41 energetic initiatives of SP Setia and suggest related and exact merchandise in line with the corporate’s wants,” he stated.

In the meantime, Chong stated: “We’re happy to signal this MoU with the nationwide utility supplier. That is an achievement in collaboration to supply sustainable vitality options to our future property homeowners with the potential for vital financial savings in vitality consumption as added worth.”


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