energy locally but will further demonstrate our commitment to supporting green energy requirement by local and international partners in Malaysia directly. In support of the National Energy Transition Roadmap (NETR), one of TNB’s flagship initiatives is the Centralised (LSS) parks project, which will encompass five sites, each with a potential capacity of around 100MW. This initiative fosters collaboration with state economic development bodies, cooperatives, and small and medium-sized enterprises with aims to galvanise local involvement in RE projects, contributing to the sector’s holistic growth across the value chain. We also kick started our domestic floating solar plant investments by issuing a tender for developers to build a 30MW floating solar plant at the Chenderoh Reservoir on the Perak River. This will be closely followed in the future by similarplants at our Temenggor and Kenyir hydro reservoirs. TENAGA NASIONAL BERHAD Integrated Annual Report 2023 40 ACHIEVING OUR STRATEGIC AMBITIONS OUTLOOK Looking ahead, TNB will reinforce our commitment to sustainability and operational excellence. We are committed to maintaining the operational excellence of our generation fleet, with an emphasis on identifying and implementing strategies to reduce operating costs further. A significant focus remains on the accelerated retirement of coal plants, transitioning towards cleaner and more sustainable energy sources in line with our efforts to reduce carbon emissions. In addition, we are making steady progress on the 300MW Nenggiri hydroelectric power project, anticipated to commence commercial operations by 2027, which aligns with our goal to enhance our RE capacity significantly. Aligning with NETR and the government’s aspiration for increased domestic investments, we will be recalibrating our strategy to prioritise investments in Malaysia. This involves acquiring operational and/or late-stage RE assets to bolster TNB’s expertise in the RE sector and spearhead the energy transition. We are also set to expedite the