PETALING JAYA: Tenaga Nasional Bhd (TNB) and Cement Industries Malaysia Bhd’s (CIMA) subsidiaries have entered into an agreement to produce power from waste heat. In a statement today, TNB said its subsidiary TNB Repair And Maintenance Sdn Bhd (TNB Remaco) had signed a term sheet agreement with Negeri Sembilan Cement Industries Sdn Bhd (NSCI) to generate electricity from waste heat from NSCI’s plants on a build, own, maintain and transfer basis. Under the term sheet agreement, TNB Remaco will develop, design, construct, commission, operate, maintain and raise financing for the waste heat recovery power plant. The power plant will have a combined power generation capability of 23 Megawatts by recovering the exhausted waste heat from the cement plants in Bahau, Negri Sembilan and Bukit Keteri, Perlis. TNB said the project will have an estimated total value of RM200 million with a capability of reducing up to 9%–12% of NSCI’s electricity cost. The project will contribute towards green energy and energy efficiency through the reduction of carbon emissions as well as competitive advantage through energy cost savings for NSCI cement plants. TNB Remaco’s venture into the waste heat recovery development will provide new business opportunities in promoting energy efficiency, green-technology and sustainable long-term energy solution. TNB shares slid four sen or 0.28% to RM14.20 today with 3.39 million shares traded.