TNB committed to fair returns for stakeholders

by NURUL SUHAIDI / pic courtesy of TNB

TENAGA Nasional Bhd (TNB) has reiterated its commitment to continue balancing the needs of the industry and its role as a listed company that gives fair returns to the people through government-linked investment companies (GLICs).

Among the GLICs include the Employee Provident Fund, Retirement Fund Inc, Permodalan Nasional Bhd and Khazanah Nasional.

Its new chairman Datuk Seri Hasan Arifin (picture) said TNB is responsible to its shareholders, especially to the investment companies where the returns will eventually benefit Malaysians.

“Between 2018 and 2020, TNB gave a dividend payout of RM9.9 billion to its shareholders and RM7 billion to GLICs.

“This is a huge sum that will certainly benefit the rakyat,” he said in a statement yesterday after his first meeting with TNB’s top management.

Hasan was appointed TNB chairman on Oct 1, replacing Datuk Seri Mahdzir Khalid who changed role as rural development minister.

Hasan was given a brief by TNB president Datuk Baharin Din regarding the performance of the company since its inception over 72 years ago.

The team also outlined the implementation of the ‘Reimagining TNB Aspiration’, corporate social responsibility (CSR), its commitment to a sustainable pathway and obstacles encountered during the pandemic, as well as future challenges.

Additionally, Hasan expressed his satisfaction with TNB’s role and contributions to the nation’s progress, and was confident that TNB’s excellence can be sustained further with Malaysia’s world-class infrastructure.

“In the current economic scenario where Malaysia is still reeling from the challenges of the Covid-19 pandemic, TNB will have to stay firm financially to continue these efforts,” he added.

Apart from supporting the growth and recovery of the nation’s economy through reliable electricity supply, TNB will maintain its role to reinvigorate the economy through the transformation of the energy industry and helping the needy.

“I am told that TNB is among the first organisation to come forward and helped the government to fight Covid-19 by contributing RM21 billion (2018-2020) to the economy in various forms including dividends, contracts to vendors, tax, zakat, CSR and Covid-19 assistance,” he said.