Tenaga Nasional Berhad is the largest Electric utility company in Malaysia and also the largest power company in Southeast Asia with MYR 99.03 billion worth of assets. It serves over 8.4 million customers throughout Peninsular Malaysia and also the eastern state of Sabah through Sabah Electricity Sdn Bhd. TNB's core activities are in the generation, transmission and distribution of electricity. Other activities include repairing, testing and maintaining power plants, providing engineering, procurement and construction services for power plants related products, assembling and manufacturing high voltage switchgears, coal mining and trading. Operations are carried out in Malaysia, Mauritius, Pakistan, India and Indonesia. Wikipedia.
News Article | April 27, 2017
BANGKOK, April 27, 2017 /PRNewswire/ -- Asian Utility Week, a brand belonging to Clarion Events, takes place at Impact Arena, Exhibition & Convention Center, Bangkok, Thailand on 24-25 May 2017. Asian Utility Week is a large scale expo with conference designed specifically for Asian utilities who seek to transform their utility business model to include digital enablers. It is known as Asia's leader in Advanced Metering Infrastructure (AMI) and features other innovations designed specifically to improve the customer's experience of energy services. The Digital Utility and Customer focused themes are attracting interest from technology innovators from across the world -- both start-ups and established utility leaders. The speaker line-up features over 180 energy technology specialists including: Samuel Tan, Chief Digital Officer, SP Group, Singapore Datuk Seri Azman, CEO, Tenaga Nasional Berhad, Malaysia Dexter Lee, President and Chief Executive Officer, Meralco Energy, Philippines Waiboon Chanchio, CIO, Electricity Generating Authority of Thailand, Thailand Hiroshi Okamoto, Managing Executive Officer, Tokyo Electric Power Company, Japan Song Il-keun, VP, Leader of Energy New Business Lab, Korea Electric Power Research Institute, Korea Hirokazu Yamaguchi, EGM, Global Innovation & Investment, Tokyo Electric Power Company, Japan According to the Event Director, Roderic Mclauchlan: Many utilities see the digital revolution as a threat to their traditional business model, but massive opportunities await those able to transform themselves ahead of the curve. The digital disruptor model is now becoming common in the utility sector and those Asian countries with deregulated energy markets are seeing the rise of the online energy retailer. This is forcing the incumbents to revamp their own digital channel strategies to stay competitive. We also find that social media is having a major impact on customer service strategies as disgruntled customers can effectively vent their frustrations to a large audience. While smart meters are still fairly new to Asia, the business case is now well understood and with the flood of data coming from those meters and the IoT strategies across the enterprise, those utilities with digital models are now reaping the benefits of lower operating costs and improved responsiveness to market change. Asian Utility Week is now free for both energy service companies and vendors to this sector.
News Article | December 14, 2016
Norwegian solar developer Scatec has entered the Malaysian solar energy market in a deal with national electric utility Tenaga Nasional Berhad (TNB). Working in consortium with local firm ItraMAS, three 21-year power purchase agreements have been agreed for solar projects totalling nearly 200MW and worth some $300m. The three projects are expected to generate 285GWh of electricity per year. To be located in Merchang in the north, Jasin in the south and Gurun in the west of Peninsular Malaysia, the three PV parks will see Scatec as EPC contractor expecting to invest about $60m for a 49% equity stake. Led by ItraMAS, the local consortium also includes two other Malaysian companies, Maltech and Cam Lite. Choo Boo Lee, CEO of ItraMAS, said: “This is a significant achievement for Malaysia and the solar industry in the region as these projects will help develop local supply chains and uplift local communities.” Malaysia is already a significant manufacturer of solar modules. Commenting on the agreements, Scatec chief executive, Raymond Carlsen, said: “This is a stepping stone to enter one of the most dynamic and fast growing regions of the world.” His comments follow an announcement in January this year, when Scatec said it expects to end 2018 with 1.4GW-1.6GW of solar capacity online or under construction, the vast majority of which will come in Africa, and has recently inked deals for long-term solar projects in Brazil (150MW) and Mozambique (40MW). Together with the Malaysian development the company’s project backlog now stands at 731MW, it said in a statement.
News Article | December 13, 2016
Oslo, December 13, 2016: Scatec Solar has entered the Malaysian large-scale solar energy market by joining forces with a local ItraMAS-led consortium that has signed three 21-year Power Purchase Agreements (PPAs) with the country's largest electricity utility, Tenaga Nasional Berhad (TNB). The partnership covers three solar projects totaling nearly 200 MW and involves a total investment of close to USD 300 million. Located in Merchang in the north, Jasin in the south and Gurun in the west of Peninsular Malaysia, the three photovoltaic solar parks cover more than 200 acres each. Scatec Solar expects to invest about USD 60 million through preference shares partly convertible to a 49% equity ownership in the projects. The investment expects to provide long term stable cash flows and to meet Scatec Solar's investment hurdle rates. The agreement with the Malaysian consortium includes Scatec Solar acting in its well-known integrated role, including undertaking the turnkey EPC for the projects. "This is a landmark opportunity to bring our wide-ranging expertise to realize the largest solar energy portfolio in South East Asia. For Scatec Solar and our partners, this is a stepping stone to enter one of the most dynamic and fast growing regions of the world'' said Raymond Carlsen, CEO of Scatec Solar. Headquartered in Kuala Lumpur, ItraMAS, a Malaysian LED lighting and traffic management and construction engineering company, is the lead sponsor of the three solar projects and signed the PPA on behalf of the local consortium that includes two other Malaysian companies, Maltech and Cam Lite. CIMB, Malaysia's second largest commercial bank, has been appointed to arrange the non-recourse project debt financing for the three projects. All development, financing and project implementation preparatory activities are currently underway to reach timely financial close with the construction expected to begin immediately thereafter. Welcoming the co-development of the projects by Scatec Solar, Choo Boo Lee, CEO of ItraMAS said ''This is a significant achievement for Malaysia and the solar industry in the region as these projects will help develop local supply chains and uplift local communities''. Malaysia is already a major manufacturing hub for Chinese solar energy equipment. The three solar projects are expected to generate 285,000 MWh of electricity per year. The clean solar electricity will avoid 210,000 tons of carbon emissions per year, taking Malaysia closer to achieving its promised emission cuts under the Paris Climate Agreement. Scatec Solar is a leading developer and owner of large scale solar in Africa, Europe, Middle East and the Americas. Over the last few weeks the company has secured a 20 year PPA for 150 MW in Brazil and a 25 year PPA for a 40 MW solar plant in Mozambique. With the announcement of the partnership in Malaysia, Scatec Solar's project backlog now stands at 731 MW, and is well on track to reach its target of having 1.3 - 1.5 GW in operation and under construction by the end of 2018. For further information, please contact: Mr. Mikkel Tørud, CFO tel: +47 976 99 144 email@example.com For Media: Ms. Julie Hamre, Communications tel: +47 920 20 854 firstname.lastname@example.org About Scatec Solar Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable source of clean energy worldwide. A long term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants, and already has an installation track record of close to 600 MW. The company is producing electricity from 426 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras, Jordan and the United States. With an established global presence, the company is growing briskly with a project backlog and pipeline of close to 1.6 GW under development in the Americas, Africa, Asia and the Middle East. Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SSO'
News Article | July 12, 2015
Energy, Green Technology and Water Minister Datuk Seri Maximus Ongkili has confirmed that Tenaga Nasional Berhad (TNB) will buy 1Malaysia Development Berhad (1MDB)'s stake in the Project 3B coal power plant. – The Malaysian Insider file pic, June 18, 2015. Tenaga Nasional Berhad (TNB) will buy over 1Malaysia Development Berhad (1MDB)'s stake in the Project 3B coal power plant, the Energy, Green Technology and Water Minister Datuk Seri Maximus Ongkili confirmed today. Ongkili told reporters at the Parliament lobby today that TNB is buying over 1MDB's 70% in the project, held through the state investor's energy arm, Edra Global Energy Bhd, for an undisclosed price. "It's on a willing-buyer-willing-seller basis," he said. The Cabinet approved the move as the power plant project has been delayed by 1MDB, which faced cash flow problems as it sat on a RM42 billion debt. "TNB requested that they would like to take over the project," Ongkili said today, adding that the government chose not to go with an open tender because the project was delayed and TNB could do it "fast and at an acceptable rate." "They have requested a small revision to the tariff because it is six months late and the exchange, rate, too has changed since then," he said. The tariff rate would be decided by TNB and the government, he added. 1MDB obtained the RM11 billion project in early 2014 in a joint venture with Mitsui & Co Ltd and reportedly beat YTL Power International, TNB and Malakoff Corp in the open tender bid. Earlier this month, The Star reported that TNB would set aside some RM500 million as equity to start the project as soon as possible. – June 18, 2015.
News Article | July 10, 2015
Tenaga Nasional Berhad (TNB) has warned the public not to fall for any e-mails, claiming to have been sent by them, offering exclusive rewards such as cash. The e-mail apparently offers recipients RM150,000 in cash and according to TNB senior general manager of corporate affairs and communications Datuk Mohd Aminuddin Mohd Amin, this was not the first time such an e-mail has been sent. “It is a fake e-mail spread by irresponsible quarters to steal personal information. “All communication via e-mail by TNB is done using the company’s e-mail address and not e-mail addresses like gmail, yahoo, Hotmail, outlook.my and others,” he said in a statement today. TNB said a complaint has already been made for further action to be taken by the Malaysian Communications and Multimedia Commission (MCMC). He also advised the public not to reveal any personal information to any quarters they were unfamiliar with. For further information, customers can contact TNB Careline at 1-300885454 or on Facebook (TNB Careline).
News Article | July 10, 2015
: Following the decision to buy 1Malaysia Development Berhad’s(1MDB) largest stake in a power plant project, Tenaga Nasional Berhad (TNB) now intends to raise about RM10 billion in an Islamic bond issue.If the plan goes through, the bond would be the biggest sukuk globally this year, advancing the sukuk market after the issuance dropped in the first quarter to a record low in four years, Reuters reported.However, sources said the plans for the issue are still in preliminary stages.According to the report, TNB’s biggest shareholder, Khazanah Nasional Berhad is considering at a single issue bond instead of a series of bonds.Khazanah has sent a few proposals to different banks, sources told Reuters.Earlier this month, TNB decided to purchase 1MDB’s 70 percent stake in a Greenfield 2,000 MW coal-powerd plant, 3B.The transaction between TNB and 1MDB is believed to alleviate 1MDB by scaling down its debt of over than $11billion (RM4, 1163, 650,000).However, TNB’s CEO Datuk Seri Azman Mohd has denied the claims that the purchase of 3B is not a bailout for the troubled investment company.
News Article | July 2, 2015
TNB to raise electricity generation capacity in Kelantan for Aidilfitri PASIR PUTEH, July 2 ― Tenaga Nasional Berhad (TNB) will raise its electricity generation capacity in Kelantan, from 600 to 629 megawatts to ensure adequate supply during Hari Raya Aidilfitri. Its Kelantan general manager, Ir Md Yuslan Md Yusof said the additional power supply was due to the drastic increase in power consumption as hundreds of thousands would return to their hometowns for the Hari Raya celebrations. “Based on our previous experience, the additional power supply is adequate,” he told reporters after the ceremony to hand-over house keys to the poor by Selising Assemblyman Zulkifli Ali at Kampung Banir Belikong, last night. He said under the Baiti Jannati project, TNB had spent RM50,000 to build a new three-bedroom home for a married couple, Che Isa Che Daud, 44, and Maskah Awang, 36. Che Isa, who is a labourer said he was deeply grateful to have received a more comfortable place for his wife and their three children to stay. Che Isa's wife, Maskah said it was even more meaningful for the family to celebrate Hari Raya in their new house after living for about a year in a house built from bamboo. ― Bernama
News Article | June 10, 2015
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/sm3pxz/malaysia_smart) has announced the addition of the "Malaysia Smart Meters Market Forecast and Opportunities, 2023" report to their offering. According to Malaysia Smart Meters Market Forecast & Opportunities, 2023, the smart meter market in Malaysia is projected to grow at a CAGR of around 12% during 2016-20. Increasing concerns over security and reliability of the grid, rising share of renewable electricity and introduction of electric vehicles have raised concerns over smooth and continuous electricity supply across the country. Electricity demand in Malaysia increased by about 78% from 2000 to 2013. Moreover, during 2004-14, Tenaga Nasional Berhad (TNB), the largest electricity utility in Malaysia with a customer base of 8.5 million, is estimated to have incurred USD1.5 billion in transmission and distribution losses. TNB has been authorized by the government to conduct pilot study on smart meters in Malaysia. The project is under pilot phase, and nationwide roll-out of smart meters is expected to commence from the first quarter of 2016 and be completed within a time span of 8 years. Smart meter is an important component of the smart grid network that aids in remote monitoring of electricity supply using communication and wireless technologies. Smart meters enable two-way communication between the meter and central system, wherein users have the option of transferring surplus power generated at the consumer's end through solar power panels, back to the grid. Malaysia had an electricity access rate of 96.83% as of 2013. In order to reduce domestic consumption of natural gas for electricity generation, the Malaysian government is encouraging use of renewable sources. Further, increasing government focus to enhance electricity transmission and distribution efficiency has led to the roll out of smart meter implementation program in the country. Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
News Article | June 8, 2015
Growing need to lower transmission and distribution losses to drive adoption of smart meters in Malaysia Smart meters help in efficiently managing load and enable utilities identify real time energy consumption patterns of users, and thereby, formulate demand and supply dynamics. Smart meter also facilitate smooth supply of surplus domestic power generated from renewable energy sources such as wind energy and roof top solar panels back to the grid, thereby enhancing efficiency of the overall grid system. Deployment of smart meters in Malaysia would enable remote recording of meter readings using wireless and communication technologies. Tenaga Nasional Berhad (TNB), the largest electricity utility in Malaysia with a customer base of 8.5 million, has been authorized by the government to conduct pilot study on smart meters in the country. The nationwide roll-out of smart meters is projected to commence from the first quarter of 2016 and is expected to be completed by 2023. With an electricity access rate of 96.83% as of 2013, installation of smart meters in Malaysia is expected to increase the capabilities of power transmission and distribution utilities. According to TechSci Research report "Malaysia Smart Meter Forecast & Opportunities,2023" the market for smart meters in Malaysia is projected to grow at a CAGR of around 12% during 2016-20. Major factors projected to drive adoption of smart meters in the country include higher operational efficiencies, need to reduce aggregate technical and commercial (AT&C) losses, improvements in outage management and reduction in consumption on inactive meters. Additionally, favorable legislations such as electricity for all and growing demand for secure power transmission and distribution equipment would further boost the adoption of smart meters in the country. "Malaysia is one of the fastest growing economies in South East Asia and a leading gas producer in region. Growing focus on renewable sources for electricity generation in the country is projected to increase the need for smart meter deployment. With increasing number of electricity subscribers, growing industrialization and urbanization in the country, the deployment of smart meters in Malaysia has become one of the top government priorities, and the project is expected to be completed by 2023", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. "Malaysia Smart Meter Market Forecast & Opportunities, 2023" has analyzed the potential of smart meters market in Malaysia and provides statistics and information on market size, information on market structure, industry behavior and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the smart meter market in Malaysia. TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
News Article | August 22, 2016
The 382-MW Ulu Jelai hydropower project, which began construction in 2011, is 95% complete and expected to be fully-commissioned in the third quarter of this year, in the district of Cameron Highlands, Pahang, Malaysia, according to state-owned power utility Tenaga Nasional Bhd (TNB), Malaysia's largest utility company and the project’s owner.