YTL Power’s shares up after announcing collaboration with TNB to supply electricity to Singapore

KUALA LUMPUR, Jan 31 — YTL Power International Bhd’s shares were up 1.5 sen to 74.5 sen after it announced a collaboration with a Tenaga Nasional Bhd (TNB) unit to supply 100 megawatts (MW) of electricity from Malaysia to Singapore via the newly upgraded interconnector.

At 10.11am, 674,200 shares were traded.

YTL’s wholly owned subsidiary, YTL PowerSeraya Pte Ltd, was awarded an electricity importer licence for Malaysia on a two-year trial by the Energy Market Authority of Singapore.

It would purchase electricity from TNB Pasir Gudang Energy Sdn Bhd, a wholly owned special vehicle company by TNB Genco. — Bernama