KUALA LUMPUR – Tenaga Nasional Bhd (TNB) is embarking on a transformation programme,”Reimagining TNB”, aimed at turning major challenges affecting electric utilities of late into new venture opportunities.
President and Chief Executive Officer (CEO) Datuk Seri Ir. Azman Mohd said the energy trilemma, and “disruptions” brought about by the emergence of various game-changing technologies was changing the utilities landscape.
“We in TNB view these big shifts as opportunities and are embracing them with specific strategies under our transformation programme,” he said in a statement today.
Speaking at the recently concluded Conference of Electric Power Supply (CEPSI 2016) in Bangkok, Thailand, he said the industry was facing trilemmas comprising challenges of addressing energy security, providing access to affordable energy services and maintaining environmentally friendly production and use of energy.
On the “disrupting” technologies, he said the challenges among others come from rising competition in renewable energy, increasing efficiency of energy storage batteries, the Internet-of-Things, smart grid and smart cities as such, alongside the need to incorporate them into business and operation.
Azman said in turning the challenges into opportunities through “Reimagining TNB”, it involved four main thrusts.
These include actively pursuing future generation sources, especially renewable energy, grid of the future including smart grid, winning the customer for new and enhanced services and products and regulations, particularly under Incentive Based Regulations, he added.
CEPSI 2016 was attended by officials from the founding countries of The Association of the Electricity Supply Industry of East Asia and the Western Pacific (AESIEAP) including Australia, Hong Kong, Indonesia, Korea, Malaysia, Thailand, Papua New Guinea and Singapura.
TNB is scheduled to host the AESIEAP CEO Conference 2017 from Oct 23-25 in Penang and CEPSI 2018 from Sept 17 -23, 2018 in Kuala Lumpur. – BERNAMA