KUALA LUMPUR (Oct 11): Tenaga Nasional Bhd today announced a RM200 million power project to recover exhausted waste heat from cement plants.
 
TNB said its wholly-owned subsidiary TNB Repair and Maintenance Sdn Bhd (TNB REMACO) will develop, operate and raise financing for the power plant in a deal with Negeri Sembilan Cement Industries Sdn Bhd (NSCI).
 
NSCI is owned by the Cement Industries Malaysia Bhd, a member of UEM Group Bhd, and a producer and distributor of high quality cement and ready mixed concrete.
 
NSCI owns two cement plants in Bukit Keteri, Perlis and Bahau, Negeri Sembilan. The plants have a total cement production capacity of 7.2 million tonnes per annum.
 
TNB said the waste heat recovery power plant will have a combined power generation capability of 23 megawatt (MW) by recovering the exhausted waste heat from the two cement plants. The project has the capability of reducing 9% to 12% of NSCI’s electricity cost.
 
The term sheet signing was held today on the sidelines of the International Greentech & Eco Products Exhibition & Conference Malaysia 2017. It was signed by TNB Repair and Maintenance managing director Anuar Yusoff and Cement Industries managing director Mohd Yusri Md Yusof.
 
TNB said the new power plant will contribute towards green energy and energy efficiency through the reduction of carbon emission, as well as competitive advantage through energy cost savings for NSCI cement plants.
 
The utility company added that its subsidiary’s venture into the waste heat recovery development will provide new business opportunity in promoting energy efficiency, green-technology and a sustainable long-term energy solution.
 
TNB’s share price closed 4 sen or 0.28% lower at RM14.20 today, for a market capitalisation of RM80 billion.