TNB Remaco inks waste heat power plant deal

Tenaga Nasional Bhd’s (TNB) wholly owned subsidiary, TNB Repair and Maintenance Sdn Bhd (TNB Remaco), has signed an agreement with Negri Sembilan Cement Industries Sdn Bhd (NSCI) to generate electricity from waste heat generated by NSCI’s plants.

The venture will be undertaken on a build, own, maintain and transfer basis, the national power utility noted in an exchange filing yesterday.

The project is estimated to be valued at RM200 million with the capability to reduce up to 9%-12% of NSCI’s electricity cost.

Under the agreement, TNB Remaco will develop, operate and finance the waste heat recovery power plant — which has a combined power generation capability of 23MW — by recovering the exhausted waste heat from the cement plants located in Bahau, Negri Sembilan, and Bukit Keteri, Perlis.