TNB Forecasts Increased Investment For Electricity Infrastructure Upgrades Amidst New Regulatory Period

Tenaga Nasional Bhd (TNB) anticipates a rise in investment allocation to implement the incentive-based regulation (IBR) mechanism for the upcoming fourth regulatory period (RP4) spanning from 2025 to 2027. Chief Executive Officer Datuk Megat Jalaluddin Megat Hassan disclosed this, highlighting TNB’s commitment to meeting the demands of new electricity users and enhancing infrastructure, including the installation of new substations.

“Discussions for IBR RP4 have commenced with the Energy Commission [EC], aiming for a decision by year-end,” Megat Jalaluddin said during the signing ceremony for the Governance Improvement Report between the Anti-Corruption Commission (MACC), TNB, and EC.

Under IBR RP3 (2022-2024), TNB had allocated RM21 billion, with a significant portion utilized for asset improvements and replacements. Megat Jalaluddin noted that TNB had already utilized RM14 billion by last year, expecting the balance to be fully utilised by year-end.

As part of its efforts to safeguard strategic assets and combat negative cultures like corruption and embezzlement, TNB, in collaboration with MACC and EC, plans various improvement measures. These include installing “barrel locks” on meter boxes at high-risk consumer premises and implementing a keyless biometric system and CCTV installations in high-risk areas.

Regarding initiatives for 2025-2027, the quantity of implementation hinges on the decision of IBR RP4 by the government. Additionally, TNB is exploring innovative approaches such as utilizing drones equipped with thermal sensors for periodic inspections and maintenance of transmission towers, aiming to detect anomalies like high electricity consumption, as seen in instances like bitcoin mining.

Through collaborative efforts with MACC and EC, TNB seeks to bolster its integrity as the custodian of the nation’s strategic assets, aligning with its commitment to the environmental, social, and governance (ESG) agenda for a sustainable future.

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