GMR Energy, TNB Remaco to form JV for O&M of power plants

GMR Energy Ltd (GEL) and TNB Repair and Maintenance Sdn Bhd (TNB Remaco) have inked a MoU to collaborate and set up an O&M joint venture.

TNB Remaco, a specialist in power plant repair and maintenance is the repair and maintenance arm of Tenaga Nasional Berhad (TNB) – the largest power utility player in Malaysia with an integrated presence across the value chain of power generation, transmission and distribution. TNB has recently invested Rs 2,000 crore in GMR Energy to take up a 30 per cent equity stake in select portfolio of GEL assets on fully diluted basis.

Advertising