TNB remains resilient, focuses on stable supply and value for rakyat

PETALING JAYA: Tenaga Nasional Berhad (TNB) today announced its financial performance for the first quarter of the financial year ended March 31, 2026 (Q1 FY2026), underscoring the group’s continued commitment to strengthening Malaysia’s energy security, enhancing grid resilience, and delivering long-term value to the nation and the rakyat.

Against a more complex global energy environment and rising electricity demand, TNB’s priority remains clear — to ensure reliable electricity supply, support Malaysia’s economic development, and continue reinvesting in infrastructure that strengthens the country’s future-ready energy system.

“Our performance in Q1 FY2026 reflects our commitment to balancing financial sustainability with our responsibility to the nation.

“Our focus is not only on delivering a stable performance but also on ensuring that the value we create is reinvested into strengthening energy security, improving service reliability, and supporting the wellbeing of Malaysians,” said TNB President/CEO Shamsul Ahmad in a statement.

Delivering meaningful value to the rakyat

TNB remained firm in its efforts to uplift communities nationwide, with a contribution of RM31.8 million for various corporate social responsibility initiatives throughout the quarter, including:

• Education support (RM17.5 million): assistance for students through Universiti Tenaga Nasional (Uniten) and Yayasan Tenaga Nasional (YTN), reinforcing Malaysia’s long-term human capital development;
• Sports development (RM400,000): benefiting 26,000 athletes and enthusiasts, including national hockey programmes;
• School engagement (RM2.9 million): initiatives including “Ceria ke Sekolah” and “Sekolah Angkat”, benefiting more than 96,000 pupils; and,
• Community outreach and support (RM8.2 million): comprehensive community support initiatives, including disaster relief and “Projek Mesra Rakyat”, positively impacting more than 28,000 people.

In addition, a total of RM4.1 million in zakat wakalah was channelled to more than 27,000 asnaf beneficiaries.

Advancing grid resilience and regional collaboration

During the quarter, TNB continued to strengthen its role in advancing Malaysia’s energy transition, with ongoing investments in renewable energy, grid improvement, and system flexibility, with a total of RM1 billion invested in grid modernisation.

These continuous efforts directly enhance customer experience, as demonstrated by the group’s performance on various indicators:

• System Minutes registered at 0.00 minutes; and,
• System Average Interruption Duration Index (SAIDI) recorded at 11.72 minutes.

The group also reinforced its continuous commitment towards regional energy security and cooperation by advancing the Asean Power Grid agenda through the signing of the Energy Wheeling Agreement Phase 2 with Electricité du Laos and the Electricity Generating Authority of Thailand in January 2026.

The signing marked a significant milestone in regional energy trade, particularly under the Lao PDR-Thailand-Malaysia-Singapore Power Integration Project energy corridor.

Powering Malaysia’s digital and AI economy

TNB continues to play a key role in enabling Malaysia’s growing digital and AI-driven economy, amid rising electricity demand driven by industrial electrification, smart buildings, and electric mobility.

Electricity demand is projected to grow between 4.5% and 5.5% this year, reflecting the nation’s accelerating economic and technological development.

The rapid growth of data centres further underscores the importance of reliable, scalable, and sustainable energy infrastructure.

As of March 2026, TNB supplies 36 operational data centres, with planned electricity supply capacity of nearly 4.5 gigawatts (GW) to support future demand. This is expected to expand significantly, with 23 projects currently under construction with a total maximum demand of 3.8GW.

The group further advanced its cooperation in green energy solutions and digital infrastructure with the signing of a memorandum of understanding (MoU) with Telekom Malaysia in March 2026.

The MoU entailed strategic collaboration between both parties to advance partnerships in sustainable energy solutions, digital technologies, and AI that directly empowers consumers.

These developments reinforce Malaysia’s position as an increasingly competitive regional hub for digital infrastructure and technology investments.

Through its integrated energy solutions and continuous grid enhancements, TNB remains committed to supporting the development of future-ready infrastructure that meets both the operational and sustainability requirements of global and regional industry players.

Securing future-ready energy ecosystem

As part of its ongoing efforts to ensure long-term energy security and system reliability, TNB continued to strengthen its generation portfolio and financing capabilities to support Malaysia’s evolving energy landscape. These include:

• Securing a bid from the Energy Commission to develop a new 1.4GW combined cycle gas turbine power plant in Paka, Terengganu, under a consortium through its wholly-owned subsidiary, TNB Power Generation Sdn Bhd (TNB Genco), and Aurora Power Generation Sdn Bhd;
• Securing extension of operation of its three power plants, namely Gelugor, Putrajaya and Tuanku Ja’afar PD1, with a combined capacity of 1.3GW; and,
• Issuance of RM1.5 billion sustainability sukuk wakalah through TNB Genco to fund greener and cleaner power generation projects.

These significant milestones underscore TNB’s commitment to ensuring a balanced transition that safeguards energy security while advancing decarbonisation efforts.

Sustainable Q1 FY2026 performance

For the three-month period of FY2026, TNB recorded cumulative earnings of RM1.1 billion, driven by resilient demand growth, disciplined operational execution, and continued progress across the group’s businesses. The earnings were supported by:

• An increase in sales of electricity, mainly contributed by the commercial sector; and,
• Implementation of cost-reflective RP4-approved tariff.

FY2026 outlook

Looking ahead, TNB remains optimistic about its prospects for the year, supported by stable demand growth and continued investments in energy infrastructure.

The group will continue to focus on strengthening its core operations while advancing its energy transition agenda, expanding renewable energy capacity, and enhancing grid capabilities.

In line with the spirit of Ihsan Madani, TNB remains committed to supporting Malaysia’s energy trilemma of security, sustainability, and affordability, ensuring that every investment continues to serve the nation’s long-term needs while safeguarding the interests of the rakyat.

“As Malaysia’s electricity needs continue to evolve, TNB will continue to balance growth with responsibility.

“Our commitment is to support the nation’s development while ensuring that no community is left behind in the journey towards a more secure and sustainable energy future,” Shamsul said.

المصدر: Free Malaysia Today