TNB Driving Strategic Growth and Net Zero Commitments in 2023 and Beyond

21/05/2024

Tenaga Nasional Berhad (TNB) reaffirms its commitment to supporting Malaysia's net zero emissions goal by 2050, through a responsible transition to a high-value green economy. This transition promises significant growth opportunities and ensures sustainable value creation for all its stakeholders.

In 2023, TNB achieved a significant financial milestone, with a 4.3% year-on-year revenue growth, reaching RM53.07 billion. This was driven by a 3.8% increase in electricity demand in Peninsular Malaysia and Sabah. TNB emphasised its capability to efficiently address the growing energy requirements, highlighted by an RM2.66 billion dividend payout. Of this, 66.6% of the dividend was distributed to Government-Linked Investment Companies (GLICs), demonstrating TNB's dedication to enhancing shareholder value.

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