TNB: Powering Malaysia’s Future, Channelling 60 Pct Of Profits To The Rakyat

KUALA LUMPUR, Feb 28 (Bernama) -- Tenaga Nasional Bhd (TNB) continues to drive Malaysia’s economic resilience and energy security, announcing a strong and sustainable financial performance for 2024.

More importantly, this success translates directly into real benefits for the rakyat.

“Our commitment goes beyond providing electricity – we are lighting up Malaysia’s future,” said TNB chairman Tan Sri Abdul Razak Abdul Majid.

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“As a responsible government-linked company (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.

The Village Street Lighting Programme, since its launch in 2000, has brightened rural areas nationwide with over 525,000 streetlights. 

In 2024, under Phase 11, an additional 14,210 energy-efficient LED lights were installed, funded under the 12th Malaysia Plan. 

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By enhancing safety and connectivity in villages, this initiative fuels economic activity and strengthens Malaysia’s progress – ensuring that the nation’s growth benefits every community.

With 60 per cent of profits distributed as dividends to GLICs, including Permodalan Nasional Bhd (PNB), Khazanah Nasional Bhd (KNB), Employees’ Provident Fund (EPF), The Retirement Fund Inc (KWAP), and Lembaga Tabung Haji (LTH), TNB is ensuring that Malaysia’s workforce, pensioners, and future generations reap the rewards of a stable and forward-looking energy sector.

Where Do TNB’s Profits Go? A Rakyat-First Approach  

TNB follows a structured profit policy that ensures its profits are reinvested into initiatives that directly improve the lives of Malaysians.

Profit Allocations: Direct Impact on the Rakyat

Sixty per cent of TNB’s dividends directly benefit the rakyat. Beyond powering homes and businesses, TNB is driving national progress.

The dividends declared provide financial security to millions of Malaysians through GLICs, which collectively hold more than 60 per cent of TNB shares, strengthening the nation’s long-term economic stability.  

TNB is also expanding its corporate social responsibility (CSR) initiatives, focusing on tangible improvements across four key areas: 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/chief executive officer, Datuk Ir. Megat Jalaluddin Megat Hassan.

Ensuring Affordable, Stable Electricity for All Malaysians

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,” Megat Jalaluddin added.

Sustainable Growth That Benefits Malaysians  

TNB’s strong financial performance enables reinvestment in national infrastructure, enhancement of energy efficiency, and expansion of 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 Megat Jalaluddin.

Powering a Greener, More Sustainable Malaysia

As Malaysia moves towards a cleaner energy future, TNB is leading the way in sustainability 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.
• 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 Abdul Razak.

To highlight these initiatives, the electricity bill for the 85 per cent of rakyat receiving subsidies will be labelled green, symbolising the MADANI government’s vision to protect people’s well-being while focusing on energy sustainability.

This aims to raise public awareness of the benefits provided by the government.

Building a Future That Works for Everyone

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,” concluded Megat Jalaluddin.

-- BERNAMA