PM lauds TNB over recognition

National power company ranks 24th place in global list for best utilities

KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak hails Tenaga Nasional Bhd (TNB) as a world-class “InfraRakyat”, following the utility giant’s achievements in the international arena.

TNB rose 15 spots to be ranked at 24th among Brand Finances Global Top 50 utility brands in 2017 or Utilities 50 (2017).

This represents a jump of 33% for the utility company’s brand value of US$ 1.583bil ( RM6.7bil) from US$1.187bil (RM5.09bil) in 2016.

The London-based Brand Finance, in its latest annual report on the world’s most valuable utilities brands, described TNB as the fastest growing brand in the Utilities 50 list.

Speaking at TNB’s Mesra Aidilfitri celebrations yesterday, Najib said: “This success means that TNB produces results which can be proven and measured. It also means as an organisation, TNB cannot be standing still and staying static.

“We must always be innovative, always reinvent ourselves and assess our weaknesses and strengths to continue improving our performance.”

Describing TNB as a regional powerhouse, Najib said TNB had two important functions – to provide energy supply to the rakyat and improving its corporate value.

“As the Government, we will always support and defend TNB as an organisation based on these two objectives.

“TNB has expanded to Turkey, India, the United Kingdom and Saudi Arabia. This shows that they have applied the right strategy.

“To be strong regionally and internationally is a recognised strategy of TNB. It is a policy and strategy that has the support of the Government,” said Najib.

Also present at the event were Najib’s wife Datin Seri Rosmah Mansor, TNB chairman Tan Sri Leo Moggie and chief executive officer Datuk Seri Azman Mohd, TNB directors and upper management.

About 2,500 TNB employees and retirees from the Klang Valley attended the Hari Raya function.

TNB also presented financial contributions to 50 orphans.