Sdn. Bhd. Oriole Hydro Padas Sdn. Bhd.* 17% 17% Power generation utilising hydroelectric power plant Malaysia Associate of TNB Energy Services Sdn. Bhd. Jana Landfill Sdn. Bhd.* 20% 20% Generation and distribution of heat and electricity using methane gas from landfill sites Malaysia Associate of TNB Renewables Sdn. Bhd. SD Plantation TNB Renewables Sdn. Bhd. 49% 49% T o develop, set up, construct, install, operate and maintain renewable energy or biogas power plant which uses the palm oil mill effluent as its main source of fuel Malaysia Associate of TNB Engineering Corporation Sdn. Bhd. Abraj Cooling LLC* 49% 49% Contracting works for the construction of district cooling plants United Arab Emirates Associate of TNB Properties Sdn. Bhd. KM Metro-TNB Properties Sdn. Bhd.* 40% 40% Dormant Malaysia Associate of TNBResearch Sdn. Bhd. Gunung Tenaga Sdn. Bhd.* 40% 40% Dormant Malaysia Associate of Vantage RE No. 1 Limited Blyth Offshore Demonstrator Limited* 49% 49% Ownership, construction and operation of a 42MW offshore wind farm United Kingdom * Not audited by PwC. ^ Disposed during the financial year. The associates’ principal place of business is situated in the country of incorporation. NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 TENAGA NASIONAL BERHAD Integrated Annual Report 2023 362 52 EVENTS AFTER REPORTING PERIOD (a) SESB's Loan Restructuring On 29 January 2024, SESB has accepted the loan restructuring proposal with regards to the Ninth Malaysia Plan, offered by the Ministry of Finance. The finalisation of the repayment schedule is expected to be completed by June 2024. (b) Acquisition of 115MW onshore wind projects in Scotland by VRE On 31 January 2024, TNBI, through its wholly owned subsidiary, VRE, completed its acquisition of 100.0% stakes in Camilty Windfarm Limited, Shelloch Windfarm Limited and Troston Windfarm Limited project rights consisting of three onshore wind projects in Scotland, totalling up to 115MW capacity for a purchase consideration of GBP5.5 million and contingent consideration