TNB plans RM22bil investment for 2022-2024


In support of the country’s goal to shift from using fuel to 31% renewable energy (RE) by 2025, the national grid must be ready to receive RE to support dynamic two-way energy flow, while maintaining voltage stability, Deputy Minister of Energy and Natural Resources, Datuk Ali Biju, (pic) said.

PETALING JAYA: Tenaga Nasional Bhd (TNB) plans to invest RM22bil for 2022-2024 under the Incentive-Based Regulation (IBR) framework, subject to government approval, to continuously develop the grid of the future into a key enabler of the energy transition.

In support of the country’s goal to shift from using fuel to 31% renewable energy (RE) by 2025, the national grid must be ready to receive RE to support dynamic two-way energy flow, while maintaining voltage stability, Deputy Minister of Energy and Natural Resources, Datuk Ali Biju, (pic) said.

Noting TNB’s commitment to continuously prioritise investment in modernising the national grid into the “grid of the future”, he said this enabled a smart grid that remained reliable, resilient, smart with digital technology and flexible in meeting the country’s needs for the energy transition.

“In meeting this requirement, fair returns to TNB to sustain the capital expenditure required is important,” he said when officiating at the International Conference on Learning and Development (ICLAD2021) in Kuala Lumpur recently.

“This will be done by connecting the entire value chain from generation to delivery and distribution to the customers’ premises.

“Consumers actually have already been enjoying the grid of the future in recent years through TNB’s capital investment, as well as under the IBR,” he said.

TNB chief regulatory and stakeholder management officer, Datuk Wira Roslan Ab Rahman, in his welcoming remarks meanwhile said TNB remained committed to investing towards the energy transition in line with the efforts to provide economic support to the government.

“We are undertaking investments to address climate change issues whilst doing what is necessary to help stimulate and reshape the country’s economic recovery.”

Roslan said that TNB aimed to enhance the industry’s efficiency and improve customer experience while promoting sustainable energy consumption to balance the capability and security of Malaysia’s grid system. ICLAD2021, now in its fifth year, was organised by ILSAS, the training arm of TNB. ― Bernama

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