TENAGA 5347 TENAGA NASIONAL BHD to set up charging points for EVs along PLUS highways
KUALA LUMPUR (Aug 2): Tenaga Nasional Bhd (TNB) will build electric vehicle (EV) charging infrastructure along the North-South Expressway, as part of its collaboration with PLUS Malaysia Bhd, TNB President and Chief Executive Officer Datuk Baharin Din said on Tuesday (Aug 2).
The utility firm is investing RM90 million to support the EV ecosystem over a span of three years.
“TNB aims to accelerate the battery electric vehicle (BEV) adoption to capture the RM1.3 billion market value by 2030, and welcomes collaboration with strategic partners to stimulate the growth of the BEV ecosystem,” he said at an editors’ media briefing here on Tuesday.
In March this year, TNB and PLUS announced that they were collaborating to reduce carbon emissions on PLUS highways through sustainability initiatives.
In a joint statement released then, both parties said the initiatives involved the development of a network of electric vehicle (EV) charging stations, the installation of energy efficiency monitoring and solar photovoltaic systems at selected rest and relaxation (R&R) areas along the PLUS highway network.
Besides PLUS, Baharin said TNB is also in talks with highway operators, as well as federal road authorities under the Public Works Department.
He said the EV market has a potential for 3,300 charging points for 33,350 BEVs on the road by 2025, with an annual electricity revenue of RM80 million, which is set to increase to 18,000 charging points for 524,409 BEVs on the road and an annual electricity revenue of RM1.25 billion by 2030.
“By 2030, we forecast half a million EVs to be on the road with 2.3 TWh of electricity charging requirements, valued at RM1.26 billion. This also means 4.4 million tonnes of CO2 emissions reduction by taking internal combustion engine (ICE) vehicles off the road,” he added.
The potential positive impact on both climate and the company’s bottom line makes the development of the EV ecosystem a clear priority for TNB, he explained.
On top of building the charging infrastructure, TNB will also be providing upskilling and reskilling courses for the EV industry, the electrification of about 4,200 of TNB’s own fleet of vehicles, sponsoring EV-related studies and fostering coalitions among EV sector players, such as ZEVA (Zero Emission Vehicle Association).
http://www.theedgemarkets.com/article/tnb-set-charging-points-evs-along-plus-highways
Singapore Investment
-
-
-
-
-
-
-
-
What do I fear?4 hours ago
-
-
-
The Price Of A Thousand Yen6 hours ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Keyboarding Warriors3 days ago
-
-
-
-
Cory Diary : Portfolio updates3 days ago
-
-
-
Weekly Markets Outlook4 days ago
-
-
-
Portfolio Update5 days ago
-
-
-
-
-
-
-
Beware Of Scams6 days ago
-
-
-
Buying a home for face1 week ago
-
-
-
-
-
-
Finance Investment Movement 441 week ago
-
-
Market indeed coming down1 week ago
-
-
-
-
-
-
Banks and Miles Report – Mar 20242 weeks ago
-
-
Revisiting Bitcoin2 weeks ago
-
-
-
-
2024 (Portfolio Update)2 weeks ago
-
-
-
Retirement Journey Update for March 20243 weeks ago
-
-
-
1Q 2024 Investment Strategy Update3 weeks ago
-
-
Portfolio Summary for March 20243 weeks ago
-
-
-
Portfolio (March 30, 2024)3 weeks ago
-
-
-
QAF #77 - 2023 Annual Report4 weeks ago
-
Lentor Hills Residences4 weeks ago
-
Burnt out!4 weeks ago
-
-
-
Feb 2024 Expenditure4 weeks ago
-
-
Starting Our Second Property Cycle5 weeks ago
-
-
-
-
-
-
-
Feb 2024 Portfolio1 month ago
-
-
Summary of February 20241 month ago
-
The Market Is A Scam!1 month ago
-
-
-
-
-
-
-
-
-
Options Trading Journal Jan 20242 months ago
-
-
-
-
-
-
-
End of 2023 Review3 months ago
-
-
Year 2023 DIYQuant Portfolio Performance Report3 months ago
-
Monthly Summary of November 20234 months ago
-
3 Simple Poker Strategies for Beginners4 months ago
-
Migration of website4 months ago
-
-
Abandon REITS?5 months ago
-
-
-
-
-
-
-
-
-
August 2023 Portfolio Updates7 months ago
-
-
-
-
Hello SP Group, I'm Back!9 months ago
-
-
-
-
A New Light11 months ago
-
-
-
-
-
-
-
Demoralized1 year ago
-
2022 Thoughts, Hello 2023!1 year ago
-
Series of Defaults for Maple Finance1 year ago
-
Takeaways from “Sea Change”1 year ago
-
-
Greed is Coming Back1 year ago
-
-
-
-
-
-
-
-
-
-
-
What is Overemployment1 year ago
-
-
-
-
-
-
-
-
-
-
-