KUALA LUMPUR – Tenaga Nasional Berhad (TNB) continues to strengthen Malaysia’s economic resilience and energy security, reporting a robust and sustainable financial performance for 2024.
The utility company, in a statement, said the success translates into direct benefits for the rakyat.
“Our commitment goes beyond providing electricity – we are lighting up Malaysia’s future,” said TNB Chairman, Tan Sri Abdul Razak Bin Abdul Majid.
“As a responsible GLC, we are not just focused on financial sustainability but on reinvesting our success back into the nation – supporting Malaysians through pension funds, economic development, and affordable energy solutions,” he added.
Expanding access to energy
The Village Street Lighting Programme, launched in 2000, has illuminated rural areas nationwide with over 525,000 street lights. Under Phase 11 in 2024, an additional 14,210 energy-efficient LED lights were installed, funded under the 12th Malaysia Plan. By improving safety and connectivity, this initiative stimulates economic activity and ensures national progress benefits all communities.
With 60% of profits channelled as dividends to government-linked investment companies (GLICs) – including Permodalan Nasional Berhad (PNB), Khazanah Nasional Berhad (KNB), Employees’ Provident Fund (EPF), Kumpulan Wang Persaraan (KWAP), and Lembaga Tabung Haji (LTH) – TNB ensures Malaysia’s workforce, pensioners, and future generations reap the rewards of a stable energy sector.
Investing in the rakyat
TNB follows a structured profit allocation policy, ensuring reinvestment into initiatives that directly improve the lives of Malaysians.
“Dividends declared by TNB provide direct financial benefits to millions of Malaysians through GLICs, which collectively hold more than 60% of TNB shares. This enhances financial security for retirees and working Malaysians while contributing to long-term economic stability,” the company said.
TNB is also expanding its corporate social responsibility (CSR) initiatives, focusing on four key pillars: education, sports, community well-being, and the environment.
“These initiatives include expanding electrification projects in rural areas, providing education and skills training programmes, and funding community-driven sustainability projects,” said TNB President and CEO, Datuk Ir. Megat Jalaluddin Bin Megat Hassan.
Stable and affordable electricity for all
A key public concern is whether profitability affects electricity tariffs. TNB assures Malaysians that:
Tariffs are government-regulated and do not increase due to TNB’s profits.
Reinvestment in grid efficiency helps maintain affordability and prevents unnecessary cost increases.
Rakyat-focused energy programmes, including solar incentives and time-of-use tariffs, help lower electricity bills.
“We understand that Malaysians want fairness and transparency. Our commitment is clear – profits are not taken for granted but returned to the rakyat through better services, stable tariffs, and long-term energy security,” Datuk Ir. Megat Jalaluddin added.
Powering sustainable growth
TNB’s financial strength enables reinvestment in national infrastructure, energy efficiency, and access to affordable, clean energy for homes and businesses, reinforcing Malaysia’s sustainable growth.
“When TNB grows, Malaysia prospers. This isn’t just about profits – it’s about ensuring a future where every Malaysian benefits from reliable, sustainable, and fairly priced energy,” said Datuk Ir. Megat Jalaluddin.
As Malaysia moves towards a greener future, TNB is leading sustainability efforts by expanding renewable energy investments in solar, hydro, and green hydrogen projects, enhancing the national grid for improved efficiency, reliability, and integration of green energy.
The company is also investing in smart energy solutions to empower consumers to manage electricity consumption effectively.
“Sustainability is not just a goal – it’s our responsibility to future generations. TNB is dedicated to making clean energy accessible, affordable, and beneficial to all Malaysians,” said Tan Sri Abdul Razak.
To highlight these initiatives, electricity bills for 85% of subsidised consumers will be marked green, symbolising the MADANI government’s vision to safeguard public well-being while prioritising energy sustainability. This aims to raise awareness of the benefits provided by the government.
A future for all Malaysians
TNB’s mission is to drive national progress while ensuring that every Malaysian benefits from its success. Through strategic reinvestments, responsible governance, and a firm commitment to the rakyat, TNB remains steadfast in its role as Malaysia’s leading energy partner.
“Every light we turn on, every business we empower, every home we energise – this is what nation-building looks like. We are here to serve and brighten Malaysia’s future together,” Megat said. — February 28, 2025