Malaysia-based Tenaga Nasional Bhd (TNB) will focus on developing gas, renewables (including solar, wind, hydro) and battery storage projects for Indonesia’s new capital city, Nusantara. The company is also considering collaborating with PT Perusahaan Listrik Negara (PLN), an Indonesian utility company, to develop high-voltage transmission infrastructure in the capital. TNB has submitted a letter of intent (LoI) to the Nusantara Authority for the same.
Apart from TNB, around 10 more Malaysia-based companies have submitted their LoIs outlining plans to develop infrastructure, utilities services, property development, healthcare, waste management and drinking water supply in Nusantara.