KUALA LUMPUR: Maybank has signed a letter of intent with TNBX Sdn Bhd to purchase Malaysia Renewable Energy Certificates( mREC), making it the first local bank to purchase the non-tangible energy commodities to support renewable energy generation. TNBX, which is a subsidiary of Tenaga Nasional Bhd, is currently the only provider of mRECs with recognition of certification from the International REC Standard Foundation( I-REC).In a statement, Maybank said an REC is a tradeable, market-based instru
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2021-10-08 00:00:00.0