KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has signed a Memorandum of Understanding with Elia Group SA/NV to share best practices and industry insights to facilitate its renewable energy and energy transition efforts.
Elia Group is one of the largest and reputable transmission system operators in Europe.
Elia is the transmission operator in Belgium and Germany, serving around 30 million customers.
It has over 19,000km of high voltage lines in the two countries with more than 45,000 megawatts (MW) of installed capacity in RE.
In a statement, TNB said the MoU was its second collaboration with Elia.
The first MoU was signed in September 2017 and expired in September 2020.
President and chief executive officer Datuk Ir Baharin Din said as one of Europe's top five transmission systems operators with a reliability level of 99.999 per cent, TNB was looking forward to tapping on Elia's expertise even further.
"There is also a lot that Elia can share with TNB, especially towards a successful energy transition in the area of RE, as TNB will be integrating large volumes of RE going forward," he said.
The new MoU, which is drawn upon the previous MoU but with a more structured implementation effort to yield greater tangible results, encompasses five key focuses.
They are operational excellence, future trends for utilities, regulatory framework, system operations new bearing, and business ventures.
Both parties will also exchange technical information through annual reports and surveys, solutions to problems, technical visits, study trips, and the necessary training programs.
"We believe all these will be of significant benefits to both TNB and Elia," Baharin said.