Deals Counterparts

Tenaga Nasional Berhad

company

Tenaga Nasional Berhad (TNB) is Malaysia's largest electricity utility, with integrated operations spanning generation, transmission, and distribution. The company is strategically focused on energy transition, expanding its renewable energy portfolio globally, and developing digital infrastructure solutions.

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Founded 1949 30,000 employees
UtilityDeveloperOperatorInvestorOfftaker

Strategic Overview

  • TNB is actively pursuing its 'Energy Transition' strategic plan, aiming for net-zero emissions by 2050.
  • International expansion, particularly in renewable energy, is a key growth pillar through its subsidiary Vantage RE.
  • Diversifying into digital infrastructure (fiber optics) through Allo Technology to leverage existing infrastructure and create new revenue streams.
  • Exploring new energy technologies such as green hydrogen and battery storage to support grid modernization and decarbonization efforts.

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Key People

Dato' Indera Ir. Baharin Din
President & Chief Executive Officer
Datuk Seri Amrin Awaluddin
Chairman

Track Record

18,700
MW Total
50
Deals Completed
75
Years Active
Notable projects: Manjung Power Plant (Coal), Pergau Hydroelectric Project, Jimah East Power Plant (Coal), Various large-scale solar farms in Malaysia and UK

Detailed Analysis

Sectors
UtilitiesEnergy TransitionDigital/Telecom
Technologies
Solar PVOnshore WindHydropowerThermalTransmissionEV ChargingBattery StorageGreen Hydrogen
Geographies
MalaysiaUKTurkeyIndiaVietnamPhilippinesSaudi ArabiaIndonesiaThailand
Deal Stage
GreenfieldBrownfieldOperating

Subsidiaries

TNB Power Generation Sdn Bhd (TNB Genco)TNB Renewables Sdn BhdTNB GridTNB RetailAllo Technology Sdn BhdVantage RE Ltd.

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