Tenaga Nasional a Potential Frontrunner for New Gas-Plant Tender

Dow Jones

Aug 28

0353 GMT - Tenaga Nasional appears to be a potential frontrunner to win the latest government tender for new gas-fired power plants, according to Hafriz Hezry of TA Securities. Having secured up to six hydrogen-ready gas turbines and generators with combined capacity of 4.2 GW from Mitsubishi Power, the utility company is well positioned to win the tender, the analyst says in a note. Awards could come in early 2027, after bidding closed in July, he says. The 1.4 GW Paka, Terengganu, gas-fired plant is also expected to support earnings upon commissioning in December 2028. Malaysia's energy transition plan and strong electricity demand could further support Tenaga's growth, the analyst adds. TA Securities maintains a buy rating on the stock and keeps the target price at 18.00 ringgit. Shares are 2.4% lower at 13.96 ringgit.

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Having secured up to six hydrogen-ready gas turbines and generators with combined capacity of 4.2 GW from Mitsubishi Power, the utility company is well positioned to win the tender, the analyst says in a note. Awards could come in early 2027, after bidding closed in July, he says. The 1.4 GW Paka, Terengganu, gas-fired plant is also expected to support earnings upon commissioning in December 2028. Malaysia's energy transition plan and strong electricity demand could further support Tenaga's growth, the analyst adds. TA Securities maintains a buy rating on the stock and keeps the target price at 18.00 ringgit. Shares are 2.4% lower at 13.96 ringgit.</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tenaga Nasional a Potential Frontrunner for New Gas-Plant Tender</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTenaga Nasional a Potential Frontrunner for New Gas-Plant Tender\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-08-28 11:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>0353 GMT - Tenaga Nasional appears to be a potential frontrunner to win the latest government tender for new gas-fired power plants, according to Hafriz Hezry of TA Securities. Having secured up to six hydrogen-ready gas turbines and generators with combined capacity of 4.2 GW from Mitsubishi Power, the utility company is well positioned to win the tender, the analyst says in a note. Awards could come in early 2027, after bidding closed in July, he says. The 1.4 GW Paka, Terengganu, gas-fired plant is also expected to support earnings upon commissioning in December 2028. Malaysia's energy transition plan and strong electricity demand could further support Tenaga's growth, the analyst adds. TA Securities maintains a buy rating on the stock and keeps the target price at 18.00 ringgit. 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Having secured up to six hydrogen-ready gas turbines and generators with combined capacity of 4.2 GW from Mitsubishi Power, the utility company is well positioned to win the tender, the analyst says in a note. Awards could come in early 2027, after bidding closed in July, he says. The 1.4 GW Paka, Terengganu, gas-fired plant is also expected to support earnings upon commissioning in December 2028. Malaysia's energy transition plan and strong electricity demand could further support Tenaga's growth, the analyst adds. TA Securities maintains a buy rating on the stock and keeps the target price at 18.00 ringgit. 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Malaysia's energy transition plan and strong electricity demand could further support Tenaga's growth, the analyst adds. TA Securities maintains a buy rating on the stock and keeps the target price at 18.00 ringgit. Shares are 2.4% lower at 13.96 ringgit.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}