Tenaga Nasional

Utilities

TNB operates Malaysia's dominant power utility, generating and distributing electricity to 9.5M+ customers. State ownership (28% Khazanah) influences pricing and investment decisions, creating tension between commercial returns and public policy. TNB's renewable energy expansion (solar, hydro) represents portfolio transition from coal-dependent to diversified generation, though coal remains dominant due to capital intensity and long asset lives.

Key Leaders at Tenaga Nasional