KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has inked memorandums of understanding with Huawei Malaysia and RHB Banking Group to accelerate the shift towards sustainable energy.
Its agreement with Huawei is to unlock the potential of green energy solutions.
TNB president and chief executive officer Datuk Seri Baharin Din said the partnership with Huawei will accelerate its energy transition agenda by leveraging on digital transformation and tapping into new opportunities in green energy solutions.
"It provides a platform for TNB to modernise its information technology (IT) and telecommunications infrastructure with a focus on sustainability, energy efficiency and advanced communication technology," he said.
Meanwhile, its partnership with RHB aims to expedite the adoption of renewable energy (RE) and energy efficiency (EE) solutions among small and medium enterprises (SME) and individuals through green financing solutions.
TNB intends to offer technical advice on EE and RE solutions, including supplying and installing solar photovoltaic (PV) systems to SMEs, with a focus on RHB's SME customers and TNB's clients and business partners.
The company noted that the partnership addresses the upfront costs that have been a significant barrier to SMEs and homeowners looking to embrace rooftop solar and EE solutions.
RHB will provide advisory and financial support to facilitate the transition.
"This partnership is pivotal in promoting sustainable business practices and advancing our energy transition initiatives.
"It aligns perfectly with TNB's Net Zero 2050 aspiration and Malaysia's carbon neutrality target. In this collaboration, TNB will provide technical expertise and supply Solar PV systems, while RHB will offer green financing solutions," he said.
In the coming months, TNB and RHB Bank will be organising engagement sessions with SMEs across major cities nationwide from November.
These sessions will serve as a platform for TNB to introduce energy efficiency technology and solutions as well as renewable energy sources, while RHB will share the various green financing products that can support SMEs on their journey towards sustainable business practices.