by TMR / pic courtesy of TNB
TENAGA Nasional Bhd (TNB) remains committed to investing towards energy transition, in line with efforts to provide economic support to the government.
“The issue of climate change is a top priority for TNB’s investment as well as supporting and stimulating the country’s economic recovery agenda,” TNB chief regulatory and stakeholder management officer Datuk Roslan Ab Rahman said in his speech.
Roslan said TNB’s target was to increase industry efficiency and improve the customer experience, besides encouraging the use of green energy to balance the capabilities and security of Malaysia’s grid system.
“Through collaborative efforts with various stakeholders in the country, TNB is also ready to lead Malaysia’s transition to low carbon mobility, especially through battery electric vehicle technology.”
He said this during the International Conference on Learning and Development (ICLAD) 2021 held in Bangsar yesterday.
On ICLAD 2021, he said the international conference was a platform for intellectual discussions on the field of learning and development of the energy industry in Malaysia and around the world.
Now entering its fifth year, ICLAD 2021 is organised by TNB Integrated Learning Solution, a technical training institution owned by TNB.
Meanwhile, Energy and Natural Resources Deputy Minister Datuk Ali Biju said TNB has shown significant progress in incorporating sustainability in its network through the modernisation of the national grid.
“TNB has made great progress in preparing for the energy transition by introducing the ‘TNB Reimagining’ initiative in 2016. This strategic initiative is an important step towards implementing sustainability.”
Recognising TNB’s commitment to continue to prioritise investment in modernising the national grid towards the Grid of the Future, he said the move would create a grid system that remained reliable, resilient, smart with digital technology, as well as flexible in meeting the country’s needs for energy transition.
“In meeting this need, a reasonable return is important for TNB to maintain the required capital expenditure,” he said when officiating the conference yesterday.
In support of the country’s goal of shifting from using fuel to 31% renewable energy (RE) by 2025, the national grid must be prepared to accept RE to support dynamic two-way energy flows, while maintaining voltage stability.
Thus, under the Incentive Based Regulatory (IBR) mechanism, TNB plans to invest RM22 billion for the period 2022-2024, subject to government approval, to further develop the future grid into a key enabler of energy transition.
“This will be implemented by linking the entire value chain from generation to delivery and distribution to the customer’s premises. In fact, customers have already enjoyed the grid of the future over the past few years through TNB’s capital investment and also under IBR,” Ali added.