TNB Remains Steadfast In Driving The Nations Energy Transition Agenda

TNB CEO Dato Indera Baharin Din in announcing the utility giant’s financial report for 2022 also emphasised the company’s commitment to driving the nation’s Energy Transition. The journey towards TNB’s Net Zero 2050 Aspiration will bring positive business growth and enhance value to its shareholders.

“Looking ahead into 2023, we will continue to drive our strategic initiatives in reaching our Net Zero commitments while ensuring business growth. Our ET pathway will bring positive business growth to the Group while creating long-term value for our shareholders through earnings growth.”

He explained that TNB GenCo will continue with its investments in green technologies as part of TNB’s Energy Transition journey (domestically and regionally) and remain focused on plant performance enhancement programmes at five key domestic plants.

NED, with 4.4GW renewable assets in the pipeline, will continue to explore opportunities not only in the UK, but also in the ASEAN and APAC regions. Grid on the other hand will be conducting two feasibility studies under collaboration with TNB’s counterparts in Thailand, the Electricity Generating Authority of Thailand (EGAT) and Indonesia, PT Perusahaan Listrik Negara (PLN) on strengthening regional grid interconnection. As for EV, TNB will be spending approximately RM22 million to support the EV ecosystem in Malaysia. The focus on the energy transition will also further accelerate the digital transformation of customers to adopt a more sustainable and smarter lifestyle.

“We are committed to deliver value to shareholders while aspiring to be a leading provider of sustainable energy solutions, cutting across all our strategic pillars, namely Future Generation Sources, Grid of the Future, and Winning the Customer,” added Baharin.

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