Edited by: Sheera Abg Mansor
KUALA LUMPUR: A capital expenditure of between RM9 billion and RM9.5 billion has been allocated in 2019 by Tenaga Nasional Bhd (TNB) for its grid, core generation business, renewable energy and smart meters.
Chief financial officer, Nazmi Othman as quoted in New Straits Times said RM6 billion out of the total capex will be spent for grid division while RM2.5 billion will be allocated for generation division.
The generation division will cater the Jimah East Power Plant and Southern Power Generation (SPG) Pasir Gudang Plant while the balance capex will be used for renewable energy and smart metering.
Nazmi added, the group expected a better capex allocation for smart metering next year after the company has properly expanded the system.
Source: New Straits Times