GMR Energy signs MoU with Malaysian company TNB Remaco

JV will provide operation and maintenance services and other services for power plants in India

GMR Energy Limited (GEL), a subsidiary of GMR Infrastructure Ltd. and TNB Repair and Maintenance Sdn Bhd (TNB Remaco) have inked a memorandum of understanding to collaborate and set up an O&M joint venture. TNB Remaco, a Malaysia’s premier specialist in power plant repair and maintenance is the repair and maintenance arm of Tenaga Nasional Berhad (TNB).

TNB, which is the largest power utility player in Malaysia with an integrated presence across the value chain of power generation, transmission and distribution, recently invested $300 million (Rs 2,000 crore) in GMR Energy Limited to take up a 30 per cent equity stake