TNB to continue giving fair returns to the people

Datuk Seri Hasan Arifin

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) will continue to balance the needs of the industry and its role as a listed company that gives fair returns to the people, said chairman Datuk Seri Hasan Arifin.

"We are responsible to our shareholders, especially to the investment companies where the returns will eventually benefit the people.

"Between 2018 and 2020, TNB provided a dividend payout of RM9.9 billion to its shareholders and RM7 billion to government-linked investment companies -- a huge sum that will certainly benefit the people,” he said in his first meeting with TNB’s top management here, today.

He added that TNB will also continue to support the nation’s growth and economic recovery through reliable electricity supply, reinvigorating the economy through the transformation of the energy industry, and helping the target groups.

"In the current economic scenario, where Malaysia is still reeling from the challenges from the COVID-19 pandemic, TNB will have to stay firm financially to continue these efforts.

"I am told that TNB is among the first organisation that came forward to help the government to fight COVID-19,” said Hasan.

He noted that from 2018 to 2020, TNB had contributed RM21 billion to the economy in various forms, including dividend, tax and zakat payments, contracts to vendors, corporate social responsibility initiatives and COVID-19 assistance.

Hasan was appointed as TNB chairman on Oct 1, taking over from Datuk Seri Mahdzir Khalid who was appointed as the Minister of Rural Development. - Bernama