Tag: Tenaga Nasional Bhd

Malaysia in strong position to lead energy transition financing – TNB

KUALA LUMPUR, JUNE 22 -- The encouraging response to two Islamic bond issuances by Tenaga Nasional Bhd (TNB) totaling RM2.5 billion for energy transition projects shows that Malaysia is in a strong position to lead the financing of energy transition in the region. TNB's new Chief Energy Officer, Mohd Zarihi Mohd Hashim, said the two sukuk issuances in 2026, which included RM1 billion for a solar project in May and RM1.5 billion for a hydro project in March, were each oversubscribed five times. He said that TNB's recent experience illustrates this trend, showing that there is a huge demand from investors that is increasing regionally and globally. "This achievement shows that investors are very interested in renewable energy assets (REAs) that are well-prepared and bankable, supported by a clear structure and solid business partners," he said. Mohd Zarihi shared his views on how Malaysia can channel available funds into well-structured projects to support the country's aspirations to achieve net zero carbon emissions, at the Energy Transition Conference 2026 (ETCon26) held recently. He said the National Energy Transition Roadmap (NETR) estimates financing needs of RM1.2 trillion to RM1.3 trillion over the next 25 years or approximately RM50 billion per year. Globally, US$2.3 trillion has been channeled into energy transition projects by 2025, demonstrating that the availability of capital is not a major constraint. Mohd Zarihi said that the panel discussion session held at ETCon26 concluded that the more pressing challenge lies in the speed and scale of project implementation. Projects require stronger preparation, clearer contractual arrangements and stable policy signals to enable capital to be invested more efficiently. Risk-sharing mechanisms, including blended financing, are expected to play an important role, especially among small developers and new technologies, he said. The encouraging response to TNB's two sukuk issuances indicates strong demand among investors. The high interest reflects the institution's confidence in the utility company's energy transition initiatives as well as NETR's target to achieve net zero emissions by 2050. Energy transition financing includes renewable energy projects such as solar and hydro, green hydrogen, carbon capture, energy efficiency, electric mobility advancements and energy-related initiatives. Mohd Zarihi said that financing for energy transition projects is growing rapidly, placing greater emphasis on whether the project can be financed by banks and is ready to receive investment capital. Commenting on Malaysia's readiness to be a leader in financing the energy transition in the region, he said that the regulatory framework and climate-related guidelines have been put in place while the capital market has shown support for transition-focused instruments. "The priority at this time is to accelerate the channeling of capital into bankable projects, resilient infrastructure and large-scale implementation that support the country's transition aspirations," he said. -- BERNAMA

KUALA LUMPUR, JUNE 22 — The encouraging response to two Islamic bond issuances by Tenaga Nasional Bhd (TNB) totaling RM2.5 billion for energy transition projects shows that Malaysia is in a strong position to lead the financing of energy transition in the region. TNB’s new Chief Energy Officer, Mohd Zarihi Mohd Hashim, said the two […]

TNB builds smart energy future through AI, workforce synergy

KUALA LUMPUR, June 3 -- Tenaga Nasional Bhd (TNB) sees the increasing use of artificial intelligence (AI) as not replacing workers, but rather as an effective instrument to enhance human capabilities in decision-making as TNB continues its digital transformation journey towards net zero carbon emissions by 2050. Representing TNB at the Gartner APAC CIO Leadership Forum 2026 in Sydney recently, TNB Chief Digital and Information Officer Azlan Ahmad said meaningful transformation on a national scale requires efforts to bridge the gap between two long-standing organizational cultures. The culture is an engineering mindset that focuses on building systems and an information technology mindset that focuses on problem solving. By encouraging collaboration between the two fields, the utility company aims to ensure that as the national grid becomes smarter, the workforce itself will be more competent. "Success in the transformation is not only measured through the use of technology, but also through the psychological readiness of the organization," he said at the forum. He said the efforts were strengthened through the TNB Value Potential Harnessing Program, an organization-wide framework designed to ensure that each initiative delivers measurable results in terms of profitability, operational efficiency and regulatory compliance. To address the challenges of the transition, Azlan stressed the importance of involving employees based on their different levels of readiness to accept change. He also highlighted the different perspectives between users who quickly accept new technologies and conservative engineers who prioritize the stability of critical control systems. According to him, a human-centric approach requires building trust and maintaining deep engagement with long-standing employees before implementing any digital initiatives. “By addressing concerns about job security and elevating the role of the workforce from manual tasks to higher-value advisory roles, technology serves as a nervous system that helps humans navigate complex energy transitions,” he said. TNB believes that the journey towards net zero carbon emissions by 2050 is guided by intelligence and empathy, as well as being driven by the great benefits that AI can bring to the country. "This effort is not just about upgrading the grid but the evolution of the country's legacy, by empowering the workforce to become co-creators of the digital future," said Azlan. He said through this approach, TNB strives to ensure that Malaysia's ever-evolving energy landscape remains resilient, inclusive and better in the future. The forum is an important platform to demonstrate TNB's maturity in developing AI, not just following industry trends to focus on the psychological readiness and operational resilience required by a future-ready workforce. -- BERNAMA

KUALA LUMPUR, June 3 — Tenaga Nasional Bhd (TNB) sees the increasing use of artificial intelligence (AI) as not replacing workers, but rather as an effective instrument to enhance human capabilities in decision-making as TNB continues its digital transformation journey towards net zero carbon emissions by 2050. Representing TNB at the Gartner APAC CIO Leadership […]