TRANSGRID VENTURE = "TREMENDOUS GRIP" ON TNB PROJECTS
30 AUG, 2023
TNB to invest RM90 bil for grid in next six years,
says CEO
TNB to invest
RM90 bil for grid
in next six years,
says CEO
BY ADAM AZIZ
theedgemalaysia.co m
KUALA LUMPUR (Aug 29):Tenaga Nasional Bhd (TNB) intends to invest upwards
of RM90 billion over the next six years for
its grid infrastructure, of which 40% will be
channelled towards energy transition-related capital expenditure (capex), said its president and group CEO Datuk Baharin Din.
In his closing remarks at the Energy
Transition Conference 2023, Baharin said it
is a key priority of the national utility company to "strengthen our Asean interconnection" to facilitate its net zero emissions goal.
"The enthusiasm is tangible [across the
region]. Parties are committed to making
it happen, as the interconnection will enable better RE ambition, support system
security, and open up the gateway to over
US$6.3 trillion of new investments by
2050," he said.
"The timing is right to make the Asean
Power Grid a reality, as it is now a matter
of our survival," he added.
THE
. nmmsM
SAM FONG/THEEDGE
TNB president and group CEO Datuk Baharin Din speaks at the
closing of day two of the Energy Transition Conference 2023.
TNB, which operates RM62.25 billion
worth of regulated transmission and distribution assets in the country as at end-2022,
has been closely watched amid rising interest towards RE (renewable energy) capacity
installation and the national plan to allow
RE exports to neighbouring countries.
Studies were also made in the past for
transmission links between East and West
Malaysia, as well as between West Malaysia
and Indonesia, according to the International Energy Agency (IEA).
Development of a flexible cross-border
grid is one ofTNB's three objectives in its
2050 Energy Transmission pathway, said
Baharin, aside from decarbonisation of its
power generation segment and the empowerment of its prosumers and cross-sector
electrification.
"There remains many challenges in figuring out the technology, policies and funding required to accelerate this transition,"
Baharin said.
"We knew that we could not do it alone
and that this would require cross-sector and
cross-border solutions," he added.
Read also: Energy minister urges TNB to
provide grid development p
HEXTAR CAPITAL BERHAD (HEXCAP: 0035) |
1. Details of Corporate Proposal | |
Involve issuance of new type/class of securities ? | No |
Types of corporate proposal | Special Issue |
Details of corporate proposal | ACQUISITION OF 5,390,000 ORDINARY SHARES IN TRANSGRID VENTURES SDN BHD ("TVSB"), REPRESENTING 49.0% EQUITY INTEREST IN TVSB FOR A TOTAL PURCHASE CONSIDERATION OF UP TO RM98.0 MILLION TO BE SATISFIED BY A COMBINATION OF CASH AND NEW ORDINARY SHARES IN HEXTAR CAPITAL BERHAD (FORMERLY KNOWN AS OPCOM HOLDINGS BERHAD) |
No. of shares issued under this corporate proposal | 62,941,554 |
Issue price per share ($$) | Malaysian Ringgit (MYR) 0.7785 |
Par Value($$) (if applicable) | Malaysian Ringgit (MYR) |
Latest issued share capital after the above corporate proposal in the following | |
Units | 446,964,022 |
Issued Share Capital ($$) | Malaysian Ringgit (MYR) 231,669,909.000 |
Listing Date | 11 Jan 2024 |
HEXCAP NOW 66.5 SEN
ALL TIME HIGH WAS RM1.79
SEE WHEN IT WILL BE BREACHED
Warm regards
Calvin Tan
Please buy or sell after doing your own due diligence or consult your Remisier/ Fund Manager
Created by calvintaneng | Aug 30, 2024
Created by calvintaneng | Aug 30, 2024
Created by calvintaneng | Aug 29, 2024
Created by calvintaneng | Aug 28, 2024
Created by calvintaneng | Aug 22, 2024
Transgrid Ventures track record of securing Tnb projects are unparalleled as it even secured building Power Station for Menara 118 the tallest building in Malaysia
2024-06-15 09:25
Bro Calvin - THETA EDGE has the Edge
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2024-06-15 09:39
Goldberg
good morning
Calvin happy to see you changed your mind and bought Jcy
Good move indeed
now Calvin had bought and sold Theta before and have studied this company
I think don't waste time with Theta as it got no catalysts and too many competitors
it is also selling far above NTA and no margin of safety plus also still no real earnings
see
https://www.bursamalaysia.com/bm/market_information/announcements/company_announcement/announcement_details?ann_id=3452535
2024-06-15 11:17
In science we study that things can only move
"According Newtonian Law of Motion"
an object will remain motionless unless an outside Force act upon it
the reason why Jcy, Notion and Dufu are moving is due to Ai and mushrooming of Data Center not just in Malaysia but by unison of World wide increase of Data Centers right now
same goes for Hexcap as two powerful forces are acting together
1. Tnb Rm90 BILLIONS JOB AWARD FOR POWER which will power up Transgrid Ventures
2. Accelerated demand for optic fibers by New Data Centers
2024-06-15 11:24
TNB Rm90 Billions for new Power Grid jobs very big sum
about 3/4 of Hsr which was cancelled due to high cost of Rm120 Billions
But Tnb got lots of earnings Locked in by all the New DC centers which demand lots more electricity
see hsr
https://www.nst.com.my/business/corporate/2024/02/1016228/analysts-question-viability-kl-singapore-hsr-project-rm120bil
and there are many players to share the pie in Hsr
for Tnb Rm90 Billions project there are only a very limited players in power epcc
And since Transgrid Ventures is a major player it will reap a lion share
2024-06-15 11:33
Immigration 1b offer for NIISe is a far cry from TNB Rm90b for new Power Grid jobs.
2024-06-15 12:44
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2024-06-15 13:08
investor2021trading got a point there .
immigration job for NIISe only a mere Rm1 billions project
Tnb capex is Rm90 Billions
people are still ignorant of Hexcap's potential
2024-06-16 22:59
Nvidia pricey but do you know Nvidia"s profit margin ?
for every one dollar sale Nvidia is getting a world record profit margin of 74%
I got a friend in Johor distributing Redbull drink
his profit margin was 6% and then it was cut to 3%
he said he got rent, wages and overhead cost and 3% profit margin is just not worth doing
so he closed his shop and retired
as DC Center theme play are mostly in Billions investment and also Tnb capex is Rm90 Billions there will be good profit margin cover
2024-06-16 23:45
TNB Jobs in the offing for THETA EDGE?
The Board of Directors of the Company wishes to update that Theta Edge had appointed KEC INTL and KEC Malaysia as the principal / technical partner for TNB Vendor Pre-Qualification Assessment for Contractor for the Grid Project for "Pre-Q Substation, Pre-Q Overhead Lines & Pre-Q Underground Cables" for Tenaga Nasional Berhad.
The Pre-Q assessment was submitted in April 2024, and the 1st Technical Clarification was submitted in May 2024.
The Company will make the appropriate announcement if there is any material development.
This announcement is dated 30 May 2024.
2024-06-17 10:44
calvintaneng
TRANSGRID VENTURE = "TREMENDOUS GRIP" ON TNB PROJECTS
2024-06-14 02:17