TNB incorporates GenCo and RetailCo

by TMR

TENAGA Nasional Bhd (TNB) has incorporated two of its subsidiaries — namely TNB Power Generation Sdn Bhd (GenCo) and TNB Retail Sdn Bhd (RetailCo) — under the Companies Act 2016.

The power utility told Bursa Malaysia yesterday GenCo has an issued share capital of RM2 comprising two ordinary shares.

GenCo’s principal activities are the ownership, management and operation of the domestic power plants, renewable energy generation business, power plant operation and maintenance business, and dry bulk terminal operations business.

Meanwhile, RetailCo has an issued share capital of RM2 comprising two ordinary shares. RetailCo’s principal activities are the sale of electricity to customers, collection of revenues from customers, the provision of customer services, operation of call management centres, green energy solution services and beyond the metre solution services.