The Malaysian government-owned Tenaga Nasional Berhad is mulling over the option of setting up a renewable energy platform in India.
In April 2019, Petroliam Nasional Bhd, or Petronas, had acquired Amplus Energy Solutions. The oil and gas company had paid Rs 2,700 crore for the deal. Tenaga Nasional Berhad is looking to set up a renewable energy platform and also acquire assets.
The company had earlier invested in GMR Energy. GMR Energy is a joint venture between GMR Group and Tenaga Nasional Berhad, wherein GMR Group holds a 52 percent stake, while Tenaga Nasional Berhad holds 30 percent.
In another development, EDEN Renewables India, a joint venture (JV) between Total Eren and EDF Renewables, has inked four power purchase agreements (PPAs) for solar power projects totalling 716 MW in northern India.
EDF Renewables and Total Eren already operate four solar power plants in India totaling 207 MWp of installed capacity in Rajasthan, Uttarakhand and Madhya Pradesh.