TENAGA NASIONAL BERHAD (TNB)

Tenaga Nasional Berhad (200866-W) is a leading Malaysian utility company in Asia with an international presence in the United Kingdom, Kuwait, Turkiye, Saudi Arabia, and India. Within the renewable energy space, as of December 2022, TNB has a total gross portfolio of 2,896MW in Malaysia (including 2,536.1MW of large hydro) and 993MW across the UK, Turkiye, and India comprising mainly solar, wind, and hydro energy generation assets.

In addition to being the nation’s primary electricity generation enterprise, TNB also transmits and distributes all the electricity in Peninsular Malaysia, Sabah and the Federal Territory of Labuan. As of 31 December 2022, TNB supplies electricity to approximately 10.6 million customers.

HISTORY OF TNB

Central Electricity Board (CEB) was established and came into operation on 1 September 1949. On 22 June 1965, Central Electricity Board (CEB) of the Federation of Malaya was renamed as the National Electricity Board of the States of Malaya (NEB).

Keeping the nation’s interest in mind, the government relentlessly pursued its ultimate objective and two pieces of legislation were passed to replace the existing Electricity Act, and to provide for the establishment of a new corporation – TENAGA NASIONAL BERHAD (TNB), purposefully replacing the NEB (Successor Company Act). Datuk Hj. Ibak bin Abu Hussein became the last Deputy Chairman and General Manager of the NEB and the first Managing Director of TNB.

On 1 September 1990, Prime Minister Dato Seri Dr. Mahathir bin Mohamad officially proclaimed TNB as the heir and successor to NEB. TNB became a private company wholly-owned by the government; on the same day, Tan Sri Dato Haji (Dr) Ani bin Arope was appointed Chairman.

CORE BUSINESS

TNB Power Generation Sdn Bhd (TNB Genco)

One of the core business of TNB is power generation which lead by TNB Power Generation Sdn Bhd, also known as TNB Genco, a wholly owned subsidiary of TNB since 1st October 2020.

TNB Genco is responsible to spearhead TNB’s power generation role to provide secure, stable, reliable and sustainable power in contributing to the long-term energy needs of the country with E2E capabilities ranging from plant development, O&M to end-of-life management.

At present, TNB Genco owns nearly 51% of Malaysia’s power generation market share with a total contracted capacity of 13.76GW.

TNB Genco has thermal generation assets and major hydro schemes in Peninsular Malaysia and Maintenance and Operation Operator in Kuwait, Pakistan and Cambodia that offers cutting-edge innovation and demanding expertise in:

Asset Management
Operation & Maintenance Management (O&M)
Maintenance, Repair and Overhaul (MRO)
Test & Diagnostics
Engineering, Procurement, Construction and Commissioning (EPCC)

SUSTAINABILITY GOVERNANCE

At TNB, they aim to infuse their future-forward approach into every level of their business. The TNB Board of Directors is responsible for integrating sustainability into their strategy, policies, and operations. their sustainability governance is a promise to every stakeholders to deliver community-conscious energy solutions now and in the future.

A strong sustainability governance and leadership structure are vital to spearhead their sustainability agenda and provide them with clear and definitive guidance to achieve their net zero aspirations. Their sustainability governance is an expansion of TNB’s Governance Model that is aligned with the principles of the MCCG. They believe that a robust sustainability governance framework underpinned by a supportive leadership structure are key components to ensure their sustainability agenda can be materialised through informative and comprehensive decision-making. their sustainability governance is an essential part of TNB Group Governance Platform which is the framework of TNB management committees and sub-committees.

Their sustainability governance framework was reformed in Financial Year (FY) 2022 through formation of the Sustainability and Energy Transition Committee (SETC), with the objective of deliberating on energy transition initiatives to coordinate and oversee TNB's Energy Transition Plan and providing a platform for discussion on the sustainability agenda, development and implementation. This includes the energy transition direction and climate-related matters. The SETC has a combined roles to previous Sustainability Development Council (SDC) and TNB Energy Transition Steering Committee (TEXC).

TNB SUSTAINABILITY POLICY

Environmental Goals

• They are committed to reduce emissions, promote energy efficiency, and seek opportunities in renewable energy in line with the TNB Energy Transition Plan.

• They are committed to optimise the utilisation of natural resources through effective land use and water management.

• They are committed to manage waste responsibly to minimise adverse effects on human health and the environment.

• They promote to minimise impact on biodiversity and protect environmental ecosystem.

• They strive to comply with environmental laws, regulations and obligations through their business operations.

Social Goals in Community

• They are committed in supporting nation building by supplying reliable and affordable electricity and continuously contributing to community development programmes.

• They are committed to engage with the local communities in or near areas where they operate with the purpose of promoting their well-being and enhancing socioeconomic benefits.

• are committed in safeguarding customer data and privacy from security breach.

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