The future energy landscape is set to be shaped by renewable and low-carbon sources, reflecting a growing commitment among stakeholders to decarbonise and address the urgent challenges of climate change.
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Integrated Annual Report 2023
It gives me great pleasure to present to you Tenaga Nasional Berhad's (TNB) Integrated Annual Report for the year 2023.
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2023 was an exciting year for Malaysia as the nation made a firm commitment to accelerate a responsible Energy Transition with TNB at the forefront in driving the country's aspiration to achieve Net Zero Carbon Emissions by 2050. We at TNB are resolute in supporting the growth of the nation by creating further value for all our stakeholders by leveraging new opportunities and realise the nation's sustainability ambitions for a better and brighter future.
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The future energy landscape is set to be shaped by renewable and low-carbon sources, reflecting a growing commitment among stakeholders to decarbonise and address the urgent challenges of climate change.
The Malaysian electric grid acts as the backbone supporting the dynamic landscape of Malaysia's energy sector. As the foundation upon which the energy transition infrastructure is built, our grid embodies the essence of resilience, innovation, and adaptability.
At TNB, our foremost commitment is to enhance customer experiences through excellent customer service, innovative solutions and continuous stakeholder engagement. This commitment is crucial for our business's long-term viability and plays a key role in encouraging customer collaboration throughout the energy transition.
In 2023, TNB continued to strengthen its collaboration with the Malaysian government, playing a pivotal role in shaping energy-related policies and regulations. This ongoing collaboration is aimed at fortifying the electric supply industry and catalysing a responsible and sustainable energy transition within the country.
Grow renewable energy capacity
Target strategic international markets for growth
Optimise existing generation fleet performance
Advance gradual decarbonisation
Ensure grid reliability and operation
Enhance network to be flexible, automated, secure
Leverage innovation for network improvement
Transform customer experience with personalised services
Drive growth through innovative solutions
Focus on exceeding customer expectations
Collaborate with stakeholders for stable regulations
Advocate for policies supporting energy transition
Engage in strategic dialogues for regulatory sustainability
Build Trust
Customers
Investors
Government
Employees
NGOs
Create Value
Trade Unions
Vendors
Communities
Notes:
(1) Oil refers to petroleum-based fuel (inclusive of diesel, oil and distillates).
(2) Renewable - Comprises Wind, Solar, Biogas, Distributed Generation Solar and Biomass.
Notes:
(3) From power plants in which TNB has controlling stake for period FY2023.
(4) For TNB operations in Peninsular Malaysia only for the period of FY2023.
