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Free Malaysia Today
27-05-2025
- Business
- Free Malaysia Today
TNB powers progress with operational excellence, strengthens impact on community
TNB is committed to supporting the smooth execution of the Asean Summit 2025, in line with Malaysia's role as this year's Asean chair. (TNB pic) PETALING JAYA : Tenaga Nasional Bhd continued to deliver steady performance for the first quarter of 2025 (Q1 2025), supported by ongoing domestic economic growth. In a statement, TNB said consumption from the commercial sectors grew by 5.1%, largely driven by the rise in energy-intensive industries such as data centres. 'As of first quarter 2025, the group had energised 21 data centres and secured 43 supply agreements, with a total committed load of around 6.4GW, reinforcing its role as a key enabler of the nation's digital and industrial transformation,' it said. TNB president and CEO Megat Jalaluddin Megat Hassan said the firm was strongly focused on sustaining stable performance while creating long-term value for shareholders. 'Through prudent cost management, reliable service delivery and a clear commitment to nation-building, we continue to provide consistent value despite ongoing global challenges,' he said. The statement also said the appreciation of the ringgit against the US dollar from RM4.73 in March 2024 to RM4.44 in March 2025 helped ease pressure on fuel and capital expenditures, with forex gains turning positive due to the stronger currency. Expanding international renewable energy footprint The utility firm has expanded its international renewables portfolio with the development of its first solar greenfield project in Eastfields and Bunkers Hill, United Kingdom, slated to be commissioned in the second quarter of 2025. 'These projects are part of TNB's long-term strategy to secure foreign-denominated returns while supporting global energy transition goals. The returns and insights from these international ventures contribute to TNB's financial strength and energy transition efforts at home.' Giving back by empowering communities In line with TNB's aim to drive a positive and meaningful impact on the community, the utility firm allocated 1% of its profit after tax to programmes focused on social development, education, the environment and sports. In Q1 2025 alone, TNB channelled more than RM45 million to support rakyat-centric initiatives across the country. 'Our programmes reflect a long-term investment in the communities we serve, ensuring no child is left behind in Malaysia's journey towards a more inclusive, knowledge-based economy,' TNB chairman Abdul Razak Abdul Majid said. A significant portion of TNB's contribution – RM36 million – channelled through Universiti Tenaga Nasional and Yayasan Tenaga Nasional sponsorship, has benefitted more than 20,000 students nationwide. The firm provided RM1 million for its back-to-school support programme 'Ceria ke Sekolah' in 40 locations to help 8,000 underprivileged children, and RM1.5 million during Ramadan as food aid and for community events and religious programmes benefitting over 50,000 people. TNB also disbursed almost RM4 million to over 14,000 asnaf recipients, covering Projek Baiti Jannati, house repairs and rewiring, support for the poor and other causes, including mosque and surau upgrades, education centre support, and more. TNB allocated nearly RM300,000 for healthcare, including medical equipment for Hospital Rehabilitasi Cheras and Hospital Pakar Universiti Sains Malaysia, patient support at Hospital Sultan Zainal Abidin and cancer support initiatives by Pertubuhan Prihatin dan Sokongan Kanser Wanita and for World Cancer Day 2025. It also contributed more than RM300,000 to assist more than 2,000 individuals affected by floods and storms across several states. More than 1,200 Orang Asli individuals in Royal Belum and Slim River, Perak, have also benefitted from RM110,000 in targeted aid from TNB. For sports, TNB allocated over RM2.1 million to support hockey development, reaching over 5,000 individuals, through contributions to the Malaysian Hockey Confederation, as well as funding for training, clinics, equipment and more. Additionally, the utility firm expanded its 'Sekolah Angkat TNB' programme to cover 50 schools nationwide, up from the 36 previously, with an investment of about RM2.3 million.
Malaysian Reserve
27-05-2025
- Business
- Malaysian Reserve
TNB delivers operational excellence while strengthening community impacts
TENAGA Nasional Berhad (TNB) has delivered a stable operational performance for the first quarter ended March 31, 2025 (Q1 2025), reinforcing its commitment to powering Malaysia's energy future and advancing rakyat-centric development. The Group's Q1 2025 performance reflected stable and sustained electricity demand, supported by ongoing domestic economic growth. Consumption from the commercial sectors grew by 5.1% largely driven by the rise of energy-intensive industries such as data centres. As Malaysia advances its ambition to become a regional digital hub, TNB continues to power critical infrastructure for the sector. As of first quarter 2025, the Group had energised 21 data centres and secured 43 supply agreements, with a total committed load of around 6.4GW, reinforcing its role as a key enabler of the nation's digital and industrial transformation. Additionally, the appreciation of the Ringgit against US Dollar, from RM4.73 in March 2024 to RM4.44 in March 2025 helped ease pressure on fuel and capital expenditures, with forex gains turning positive due to the stronger currency. This further supported TNB's financial resilience. TNB president/CEO Datuk Ir. Megat Jalaluddin Megat Hassan noted that TNB's focus remains firmly on sustaining stable performance while creating long-term value for shareholders. 'Through prudent cost management, reliable service delivery and a clear commitment to nation-building, we continue to provide consistent value despite ongoing global challenges,' he said. Expanding international RE footprint Complementing its domestic efforts, TNB expanded its international renewables portfolio with the development of its first solar greenfield project in Eastfields and Bunkers Hill, UK, slated to be commissioned in the second quarter of 2025. These projects are part of TNB's long-term strategy to secure foreign-denominated returns while supporting global energy transition goals. The returns and insights from these international ventures contribute to TNB's financial strength and energy transition efforts at home. This global-local synergy ensures that TNB's international success continues to translate into national benefit. Building resilient, inclusive energy ecosystem Building on these progress, TNB's Q1 performance reflects focused execution across its operational priorities while ensuring that growth is inclusive and aligned with national aspirations. 'Our financial strength is not an end in itself; it is the means through which we create meaningful impact for the rakyat. 'As we modernise the grid and expand our renewable energy portfolio, we are equally focused on ensuring that no community is left behind. This is the essence of our purpose: delivering progress that uplifts all Malaysians,' Megat Jalaluddin said. TNB remains committed to delivering long-term value by balancing operational excellence with purposeful nation-building. Empowering communities through strategic giving TNB aims to drive progress with positive social impact to the community by allocating 1% of its Profit After Tax (PAT) towards community development in social, education, environmental and sports. In Q1 2025 alone, TNB channelled more than RM45 million to support rakyat-centric initiatives across the country. TNB chairman Tan Sri Abdul Razak Abdul Majid said beyond powering the nation, TNB remains deeply committed to empowering future generations through education. 'Our programmes reflect a long-term investment in the communities we serve, ensuring no child is left behind in Malaysia's journey toward a more inclusive, knowledge-based economy,' he said. These strategic investments address broader societal needs, including: Education Initiatives: More than RM36 million was channelled through UNITEN and Yayasan Tenaga Nasional (YTN) sponsorships, benefitting over 20,000 students nationwide. Ceria ke Sekolah: RM1 million was provided for back-to-school support programmes in 40 locations, helping around 8,000 underprivileged children start the academic year with confidence. Ihya Ramadan: Approximately RM1.5 million was distributed during the Ramadan period, reaching over 50,000 individuals in Peninsular Malaysia and Sabah through food aid, community events and religious programmes. Wakalah Zakat Distribution: Almost RM4 million was disbursed to over 14,000 asnaf recipients, covering Projek Baiti Jannati, house repairs and rewiring, support for hardcore poor and 'Fisabilillah' causes including mosque and surau upgrades, education centre support and broader aid. Healthcare Support: Nearly RM300,000 was allocated to benefit 2,560 individuals, including equipment for Hospital Rehabilitasi Cheras and Hospital Pakar USM, patient support at Hospital Sultan Zainal Abidin and initiatives by Pertubuhan Prihatin dan Sokongan Kanser Wanita and World Cancer Day 2025. Disaster Relief: Over RM300,000 was deployed to assist more than 2,000 individuals affected by floods and storms across several states. Support for Indigenous Communities: RM110,000 in targeted aid was extended to over 1,200 Orang Asli individuals in Royal Belum and Slim River, Perak. Development of National Sports: More than RM2.1 million has been allocated to support the country's hockey development, reaching over 5,000 individuals through contributions to the Malaysian Hockey Confederation, training clinics, equipment provision and other sports-related initiatives. Sekolah Angkat Programme expanded to 50 schools As part of its long-term community development strategy, TNB significantly expanded its Sekolah Angkat TNB programme to cover 50 schools nationwide, compared to 36 previously. With an investment of about RM2.3 million, the programme delivers tailored interventions across academic support, digital learning, infrastructure upgrades and co-curricular development, including: Confirm AI with UNITEN (10 schools) Trust School for Peer Assisted Learning And Sharing (PALS) (6 schools) Thunderbolts TNB (7 schools) PINTAR TNB with Yayasan Pintar (13 schools) Sekolah Angkat MADANI (14 schools) These sustained efforts reflect TNB's commitment to building a future-ready Malaysia where progress is powered not only by reliable and sustainable energy, but also by inclusive opportunities that uplift communities, empower future generations and strengthen the nation's social fabric. Through its continued focus on operational excellence and purposeful investments, TNB remains dedicated to delivering impact that reaches beyond the grid. — TMR
New Straits Times
24-04-2025
- Business
- New Straits Times
TNB doubles capex to RM42.9bil to back energy transition efforts
KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has more than doubled its budgeted capital expenditure (capex) to RM42.9 billion — comprising RM26.6 billion in base capex and RM16.3 billion in contingent capex — to support infrastructure development for Malaysia's energy transition. President and chief executive officer Datuk Megat Jalaluddin Megat Hassan said of the contingency capex, 64 per cent will be to upgrade infrastructure to support renewable energy (RE), the National Energy Transition Roadmap (NETR) and interconnection projects, while 30 per cent is to meet potential demand growth, and six per cent to maintain security of supply. "Our top priority will be to accelerate decarbonisation. We plan to ramp up investments in solar (LSS5+, LSS6), battery storage (BESS), corporate renewable energy supply scheme (CRESS) and community-based renewables (CREAM). "We will also push forward on green hydrogen, carbon capture, electric mobility, and smart grid interconnections, all vital pieces of the Asean Power Grid vision," he said in TNB's 2024 annual report, filed with Bursa Malaysia today. Energy Transition Efforts Megat Jalaluddin said that to date, TNB currently has 3.3 gigawatt (GW) of RE in Peninsular Malaysia and 1.1 GW abroad, mainly in the United Kingdom (UK) and Ireland. "In 2024, we secured over 700 megawatt-peak (MWp) of solar projects in large solar capacity through LSS5 and LSSS. "In addition, we achieved financial close for a 45MWp solar plant in Kulim under the Corporate Green Power Programme (CGPP)," he said. Internationally, TNB operate a combined capacity of 927 megawatt (MW) comprising solar and wind assets in the UK, Ireland, and Australia, as well as has commenced construction of two new solar farms in the UK, totalling 102MWp. Under the NETR, Megat Jalaluddin said TNB are making progress on three flagship projects, namely floating solar, centralised solar parks, and hydrogen projects. "On floating solar, there is a 2.5 gigawatt (GW) floating solar photovoltaic development across our hydro reservoirs. "This includes a successful installation of 154kWp at Kenyir Dam. For centralised solar parks, we are developing five 150MWp solar parks across Malaysia with local partners. "Currently, we have secured to supply 150MWp of green energy to Bridge Data Centres via Corporate Renewable Energy Supply Scheme (CRESS)," he said. Megat Jalaluddin highlighted that TNB are also working with Petronas on green hydrogen using solar power from its Kenyir project, where a pilot system is currently in place with 500kWp solar panels and 1MWh battery storage. He said TNB has secured a 400MWh battery energy storage system project in Sabah, which is notably the largest of its kind in Asean. "Concurrently, we also received a 400MWh pilot project for the national grid. We have also ventured into the carbon capture and storage space to help reduce emissions from thermal plants," he said. Outlook Going forward, he said the company is optimistic about 2025, with economic growth projected at 4.5 per cent–5.5 per cent, with electricity demand rising by up to 4.5 per cent. "With the launch of the Regulatory Period 4 (RP4) and a promising 7.3 per cent return on investment, we are provided with strong confidence to scale up," Megat Jalaluddin said.
