Operations and Maintenance facility to service Indian power plants
Malaysia’s Tenaga Nasional Berhad (TNB) is creating a strong foothold in the Indian power market by setting up a power plant Operations & Maintenance (O&M) facility.
Subsidiary TNB Repair and Maintenance Sdn Bhd (TNB REMACO) will operate the facility jointly with India’s GMR Energy Ltd (GEL) in which TNB has a 30 per cent stake.
Under a Memorandum of Understanding (MoU) signed in New Delhi on 3 April 2017, TNB REMACO and GEL will provide power plant O&M, performance improvement, testing and diagnostic services.
GEL will identify business opportunities for the collaboration as well as identify and provide a suitable location for the facility.
Prior to the establishment of the Facility in India, refurbishments works will be performed by TNB REMACO at its facility in Malaysia.
TNB President/Chief Executive Officer Azman Mohd described the venture as a further manifestation of TNB’s drive for international expansion by leveraging on its strategic equity holding in GEL.
“We are taking a long-term view in India and we aim to unleash our respective strengths to allow TNB to create a strong foothold and maximise opportunities inherent in the Indian power industry.
“Towards this end, we are also looking to expand our expertise and business reach in the transmission and distribution space in India through GEL,” he added. fii-news.com
