Latest news with #TNB
New Straits Times
7 hours ago
- New Straits Times
Bitcoin miners stole RM4.8 billion in electricity since 2018, says deputy minister
ALOR STAR: Illegal bitcoin miners have stolen RM4.8 billion in electricity since 2018, said Deputy Energy Transition and Water Transformation Minister Akmal Nasrullah Mohd Nasir. He said the staggering figure highlighted the scale and persistence of such activities despite repeated crackdowns. "This is not a small number. We must step up efforts to tackle this issue," he said after joining a joint operation involving Tenaga Nasional Berhad (TNB), the Energy Commission (ST) and police today. Akmal Nasrullah said there had been a worrying surge in such cases in tandem with the soaring value of bitcoin. "In 2023, we recorded 2,399 cases. Up to June this year, we've already logged around 1,800 cases. This spike coincides with bitcoin's price breaching RM500,000 per coin," he said. Bitcoin is a popular cryptocurrency that is obtained either by purchasing them on the open market or using computers to solve complex algorithms that yield the digital currency. Running these computers is called mining and their vast computing power requires massive amounts of electricity. At a premises raided today, authorities found 80 mining machines operating around the clock, draining an estimated RM86,000 in electricity per month. Another location that had been raided eight times prior to today's operation unearthed 38 mining units illegaly drawing RM45,000 in electricity a month. "The last raid was in May, but they've resumed operations. This is the ninth time this location has been raided," Akmal said. Overall, the seven premises raided today were estimated to have stolen RM273,679 in electricity a month.
Barnama
2 days ago
- Business
- Barnama
TNB's AI-powered Maintenance Project Wins ASEAN Innovation Award
GENERAL KUALA LUMPUR, July 16 (Bernama) -- Malaysia's leading electricity utility, Tenaga Nasional Berhad (TNB), has received the ASEAN Innovation Business Platform (AIBP) Enterprise Innovation Award 2025 in the Data and Artificial Intelligence (AI) category for its groundbreaking AI-powered predictive maintenance initiative. AIBP, in a statement, said TNB received the award at the 49th AIBP Conference here last Wednesday, noting that the event is widely recognised as a regional benchmark for digital transformation, honouring organisations that deliver innovative, scalable, and high-impact solutions across ASEAN. "TNB's AI-powered predictive maintenance initiative transforms management of its extensive 11kV underground cable network, traditionally affected by numerous breakdowns annually. "Successfully piloted in Selangor with over 80 per cent accuracy in predicting failures up to two years in advance, the project reduces cable failures by 15–20 per cent, significantly enhancing customer service reliability," read the statement. Senior leaders in asset management and analytics represented TNB at the ceremony, alongside prominent industry figures, including CyberSecurity Malaysia chief executive officer (CEO) Datuk Dr Amirudin Abdul Wahab, National AI Office CEO Shamsul Majid, and AIBP CEO Irza Fauzan Suprapto. It said that there were over 100 nominated projects from both private and government-linked corporations in that category. Other finalists included major regional players such as Petronas, Genting, AirAsia, Sime Darby, and Allianz, highlighting the project's regional competitiveness and innovation strength. It added that the winning project underwent a rigorous evaluation process conducted by an independent panel of experts spanning digital government, economic policy, enterprise technology, and global innovation sectors. "Final presentations were held in May, with judging criteria focusing on impact, scalability, innovation, and value creation.
The Star
2 days ago
- Business
- The Star
Power sector going through surge in demand
PETALING JAYA: Listed power infrastructure players are set to gain from the strong electricity demand from energy-intensive industries such as data centres, according to Hong Leong Investment Bank (HLIB) Research. In addition, the demand for power infrastructure is set to trend higher underpinned by Tenaga Nasional Bhd 's (TNB) efforts to enhance grid resiliency and expansion of national power supply. 'Policy tailwinds, such as Malaysian Investment Development Authority's cable import restrictions and TNB's preference for local contractors, create barriers to entry for foreign competitors, further reinforcing the market position of domestic players,' the research house noted in a report yesterday. Given the robust project pipeline and rising infrastructure requirements, the sector has not yet reached its cyclical peak, according to the research house. It noted that the power sector is experiencing a surge, with peak power demand reaching a record high of 21,049MW on May 28, 2025 – a robust 10.4% year-on-year (y-o-y) increase. 'This growth significantly outpaces TNB's gross domestic product-linked demand projection of 3.5% to 4.5% and surpasses the Energy Commission's 2020 long-term forecast, which projected peak demand of 19.3MW only by 2025,' HLIB Research said. The rise is driven by the combination of organic demand and load acceleration from data centres, with the latter's utilisation surging to 485MW in March 2025 – 3.2 times increase from 148MW a year earlier. 'In response, the Energy Commission has initiated tenders for new and existing gas-fired power capacity slated for commissioning over 2025 to 2029 to maintain a healthy reserve margin. 'At the same time, renewable energy (RE) deployment remains a key policy focus, with national targets set at 31% RE capacity by 2025 and 40% by 2035. 'Amid this backdrop of rising demand and a strong pipeline of new power supply, we see a compelling multi-year investment opportunity in the domestic power infrastructure space,' HLIB Research said. On TNB, the research house said investments in transmission and distribution (T&D) continued to form a significant portion of its capital expenditure (capex) to maintain grid resiliency amid rising demand. With 34% of its planned financial year 2025 (FY25) capex already utilised in the first quarter of 2025 (1Q25), TNB is expected to incur up to RM12bil capex this year for T&D-related initiatives. 'Over the Regulatory Period 4 (RP4) period), we estimate it will invest RM3bil to RM3.5bil annually from its base capex into grid infrastructure, translating into a RM6.7bil to RM7.8bil opportunity within the transmission substation business for mechanical and engineering players. 'Notably, this estimate excludes consumer-side substations, which are also required to complete connections to end users,' HLIB Research said. Looking ahead, the research house stated that TNB's RM90bil grid investment plan implied an additional RM47bil could be deployed under RP5 (2028 to 2030), exceeding RP4's RM42.8bil and pointing toward sustained momentum in power infrastructure rollout. As of 1Q25, TNB had 2.9GW of electricity supply agreement (ESA) under construction, with an additional 0.7GW signed and is set for construction commencement. 'This is higher versus the 1.3GW ESA capacity delivered in 2024 alone, signaling a strong acceleration in infrastructure pipeline, which is likely to materialise over the next 12 months. 'Following our recent engagement with TNB, the group reaffirmed that ESA enquiries remain robust, with no cancellations to date,' HLIB Research said. It is 'overweight' on the power infrastructure sector with top picks being MN Holdings Bhd with a 'buy' call and target price (TP) of RM1.88 and Southern Cable Group Bhd at 'buy' and TP: RM1.90, both of which will be key beneficiaries of grid expansion. The research house also favoured SMRT Holdings Bhd ('buy', TP: RM2.19) for its strategic involvement in the digitalisation of Malaysia's distribution substation.
The Star
3 days ago
- Business
- The Star
Benefit from lower off-peak electricity rates
TNB customers can now benefit from lower electricity rates during off-peak hours under the Time-of-Use (ToU) scheme, which is now open to all customers. This scheme provides an alternative to the General Tariff by offering different rates depending on the time electricity is used—encouraging more efficient energy consumption. Under the ToU scheme, the Energy Charge rate is lower during off-peak periods. For weekdays, off-peak hours run from 10pm to 2pm the following day, while peak hours are from 2pm to 10pm, which is higher than the General Tariff rate. On weekends and selected public holidays, all 24 hours are considered off-peak, offering customers more flexibility and potential cost savings. Click image to enlarge To apply for the ToU scheme, customers can submit their application via email; visit the nearest Kedai Tenaga; or soon, through the myTNB app and portal. The ToU Tariff takes effect within five working days for users with an activated Smart Meter, while those without one may expect a processing and meter upgrading period of up to two months. For more details and to download the application form, visit
The Star
3 days ago
- Business
- The Star
ToU vs General Tariff: What customers need to know
TENAGA Nasional Bhd (TNB) customers can now enjoy potential savings through the Time-of-Use (ToU) scheme. By offering different rates for Energy Charges during the peak and off-peak hours, the ToU scheme provides an opportunity for customers to shift more of their electricity consumption to off-peak hours when the rates are lower. This scheme offers an alternative to the General Tariff, providing customers with greater control over their electricity costs. Whether you're managing a household or running a business, comparing the ToU rates against the standard tariff may reveal opportunities to optimise your energy use and reduce monthly bills. For domestic customers, the Energy Charge under the General Tariff is 27.03 sen/kWh for usage at or below 1,500 kWh, and 37.03 sen/kWh for usage above that threshold. Under the ToU scheme, the peak hour rates are slightly higher — 28.52 sen/kWh and 38.52 sen/kWh respectively — but the off-peak rates are significantly lower at 24.43 sen/kWh and 34.43 sen/kWh, respectively. CLICK TO ENLARGE The ToU scheme offers customers the flexibility to manage electricity consumption more strategically and benefit from the lower rates during off-peak hours. Before applying for ToU, TNB has provided a Bill Calculator to assist customers in estimating their electricity bill under the General Tariff and ToU Tariff. The Bill Calculator can be found at ), as well as the ToU application steps.
