Kuala Lumpur, 17 May 2021 – The contraction in the GDP in 2020 has caused a decrease in electricity demand and sales in peninsular Malaysia, but this is expected to pick up in 2021.
TNB Chairman, Dato’ Seri Mahdzir Khalid at the company’s 31st Annual General Meeting at its Headquarters in Bangsar, Kuala Lumpur, said that measures taken by the government as well as the roll out of vaccines offered a sense of optimism that the economy will pick up compared to 2020, thus increasing the demand for electricity.
“TNB is looking to further improve industry efficiencies and enhance customer experience, while continuing to promote the use of sustainable energy as we balance the grid system’s security and affordability,” he said.
Dato’ Seri Mahdzir Khalid also affirmed the TNB’s commitment towards becoming a leading provider of sustainable energy solutions. The company has adopted emerging renewable energy technologies of solar, wind, biomass and biogas which translated into generation capacity of 713.2 megawatt (MW).
Smart metre installation at premises across peninsular Malaysia has reached 1.1 million as of March 2021, as TNB continues to enhance the electricity infrastructure to accommodate the integration of disruptive technologies.
Enterprising endeavour by TNB’s wholly owned subsidiary, GSPARX Sdn Bhd, meanwhile has resulted in 689 new solar panel installation contracts, contributing to a total capacity of 85-MW peak of Green energy.
“We have set the target of increasing our renewable energy capacity to 8,300MW by 2025, driven by both domestic and international initiatives. As of March 2021, we had achieved 3,402MW of RE capacity, of which 2,736MW is within Malaysia and 666MW from international,” Dato’ Seri Mahdzir Khalid concluded.
– Construction+ Online