Malaysian utility Tenaga Nasional Bhd (TNB) said on Wednesday it was aiming for capital expenditure of about 20 billion ringgit ($4.48 billion) annually till 2050 to fast track its energy transition plans.
The investments will help Tenaga reach net zero emissions by 2050 and “open opportunities in more than doubling its earnings before interest and taxes (EBIT)”, Baharin Din, its president and chief executive officer, said in a statement.
