TNB has game plan to make it to the world's top 10 utility companies by 2025

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KUALA LUMPUR (May 18): For 52-year-old Amir Hamzah Azizan, it is an interesting time to be president and group CEO of national utility firm Tenaga Nasional Bhd (TNB).

The power sector operating landscape is undergoing reforms, from the opening up of the retail market to tighter tariff margins and a trend towards green energy in the power generation mix.

Emphasising on the need to address the impending landscape transformation, Amir also speaks of “understanding Tenaga’s game plan well” in his first few weeks on the job.

The 70-year-old company aims to be among the top 10 utility companies in the world by 2025, under the strategic transformation plan 'Reimagining TNB'.

To facilitate growth, the group is venturing into new yet familiar areas. Among others, it eyes a bigger renewable energy portfolio both locally and overseas, and seeks to capitalise its fibre optic network spanning over 16,000km along its power grid in the country.

But the more difficult task for Amir is laid out in Tenaga’s journey for greater efficiency and transparency within the group.

“We are looking at corporatisation, improving the line of sight, to improve the focus on various areas as part and parcel of evolving Tenaga to address the changes in the landscape,” Amir says.

As Tenaga finds itself intertwined in the national ambition in the power sector — and perhaps the telco sector soon — Amir will have to strike a balance between the group’s social and corporate agenda.

Where does TNB stand amid the impending industry reform? What other industry changes can be expected? What is TNB's action plan?

Grab a copy of The Edge Weekly this week (May 20-24, 2019) to find out more about Amir’s take on Tenaga, and the utility group’s journey moving forward.

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