PETALING JAYA: YTL Power International Bhd (YTL Power) is unlikely to diversify aggressively into renewable energy due to the lean returns from such projects, according to Maybank Investment Bank (MaybankIB).
The brokerage noted the utility conglomerate’s willingness to participate in greenfield coal-fired plants suggests its environmental, social and governance (ESG) concern.
“Given YTL Power’s considerable coal exposure, the company will have to contend with the environmental stigma for the considerable future.
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