Tenaga Nasional Berhad (TNB) has made significant progress to incorporate sustainability in its network such as through modernisation of the national grid, said Deputy Minister of Energy and Natural Resources, YB Datuk Ali Biju.
“TNB has made great strides in preparation for the energy transition with the Reimagining TNB initiative introduced in 2016. This strategic initiative addresses TNB’s significant step towards embracing sustainability.”
Noting TNB’s commitment to continuously prioritise investment in modernising the national grid into the “grid of the future”, he said this enables a smart grid that remains reliable, resilient, smart with digital technology and flexible in meeting the country’s needs for energy transition.
“In meeting this requirement, fair returns to TNB to sustain the capital expenditure required is important,” he said when officiating the International Conference on Learning and Development (ICLAD2021) in Bangsar, here on Tuesday.
He further said that in support of the country’s goal to shift from using fuel to 31% of renewable energy (RE) by 2025, the national grid must be ready to receive RE to support dynamic two-way energy flow, while maintaining voltage stability.
“Thus, under the Incentive-Based Regulation (IBR) framework, TNB plans to invest RM22 billion for 2022-2024, subject to Government approval, to continue to develop the grid of the future into a key enabler of the energy transition.
“This will be done by connecting the entire value chain from generation to delivery and distribution to the customers’ premises. Consumers actually have already been enjoying the grid of the future in recent years through TNB’s capital investment, as well as under IBR,” added YB Datuk Ali.
TNB Chief Regulatory & Stakeholder Management Officer, Datuk Wira Roslan Ab Rahman in his welcoming remarks meanwhile said TNB remains committed to investing towards energy transition in line with the efforts to provide economic support to the Government.
