Tenaga Nasional Berhad (TNB): Unique Position as a Monopoly

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TNB was established in September 1980 through a corporatisation and privatisation exercise by the Malaysian Government. The corporatisation is regulated through the Electricity Supply Department under the Ministry of Energy, Telecommunications and Posts Malaysia. The move to transform the former government electricity utility, then known as the National Electricity Board (or Lembaga Letrik Negara LLN) into a private entity was highly successful because of TNB's unique position as a monopoly in the generation, transmission and distribution of electricity in Peninsular Malaysia.

VISION: TO BE AMONG THE LEADING CORPORATIONS IN ENERGY AND RELATED BUSINESSES GLOBALLY

MISSION: WE ARE COMMITTED TO EXCELLENCE IN OUR PRODUCTS AND SERVICES TNB’s core businesses are in the generation, transmission and distribution of electricity. In Peninsular Malaysia, the Company supplies households and industry with electricity generated from six thermal stations and three major hydroelectric schemes. It also manages and operates the National Grid which links TNB power stations and IPPs to the distribution network. The grid is connected to Thailand’s transmission system in the north and Singapore’s transmission system in the south. In East Malaysia, TNB has an 80% equity in Sabah Electricity Sdn. Bhd. (SESB), which manages the Sabah Grid. Other than its core business, TNB has diversified into the manufacture of transformers, high voltage switchgears and cables; the provision of professional consultancy services; and architectural, civil, electrical engineering works and services, repair and maintenance. The Company also engages in research and development, property development and management services. Tapping into opportunities available overseas, TNB is making inroads into emerging markets, focusing on the AsiaPacific, Middle East and North Africa regions. In 2005, the Company embarked on a 20-Year Strategic Plan with the ultimate objective of transforming into a...
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