Latest news with #TNB
Malay Mail
13 hours ago
- Business
- Malay Mail
From 300 to 1,000 schools: PM credits govt-private sector unity for Madani education push
PUTRAJAYA, June 20 — PUTRAJAYA, June 20 — Prime Minister Datuk Seri Anwar Ibrahim today hailed the government's national school transformation initiative as a resounding success, with nearly 1,000 schools now participating – far exceeding the original target of 300. Speaking at the Sekolah Angkat Malaysia Madani event here, Anwar praised the Education Ministry, other government agencies, and corporate partners for their collective contributions. Calling the achievement 'extraordinary', Anwar said it was made possible through strong collaboration between the government, private sector, and local communities under the Madani framework. 'The government and private sector in Malaysia are amazing and this is an extraordinary achievement,' he said at the Sekolah Angkat Malaysia Madani event held at the Putrajaya International Convention Centre. Expressing his thanks, Anwar named Petronas, TNB, Telekom Malaysia and Sime Darby for being among the earliest corporations to respond to his government's push to improve education in Malaysia. 'As we all know, we can't move forward without the readiness and acceptance of the public. That is the plan for the next 10 years. 'We wanted to launch with 300 members, now, with the way the government and private sector in Malaysia are working together, we've reached 1,000 schools. So congratulations and thank you,' he said. Under the Madani school adoption programme, government-linked companies and wholly private firms pledge to contribute financially to schools in need, especially those in need of infrastructure support. Anwar said that the private sector's participation allows the government to focus on building new schools, roads, health facilities and more. 'Once we get this programme running it would be great to have the CEO or executives visit these schools, say twice a year, spend an hour or two to talk with the kids. 'Expose them to the world, work and truths. That way, they will be encouraged and have a role model to look up to,' he added.
Bloomberg
13 hours ago
- Business
- Bloomberg
Pignataro's ION Plans to Invest in Azimut-Backed Italian Fintech
Andrea Pignataro's ION Group plans to buy a minority stake in a new Italian digital bank backed by private equity firm FSI SGR SpA and asset manager Azimut Holding SpA, according to people familiar with the matter. Pignataro's ION is set to take a roughly 6% stake in the venture, known as TNB, the people said, asking not to be identified discussing private information. Talks are ongoing and the size of the holding could still change, according to the people.
New Straits Times
2 days ago
- Business
- New Straits Times
Transforming Malaysia's energy landscape
KUALA LUMPUR: Imagine being able to track your electricity usage and bill right at your fingertips — no more waiting for the physical bill every month. Like checking your daily steps on a fitness app, you will be able to see how much you've used, how much it's costing you, and even how your choices impact the environment. This is the future Tenaga Nasional Bhd (TNB) is building today through its nationwide grid modernisation. At the heart of this transformation is the smart meter — a small device making a big difference. These smart meters record your energy use every 30 minutes and send the data to TNB daily. That means no more waiting for estimated bills or worrying about sudden spikes in cost. With a few taps on the myTNB app, you can now track your energy use, set budgets, and even see how your habits are helping (or hurting) the planet. TNB plans to install a minimum of 10.3 million smart meters throughout Peninsular Malaysia by 2030 to empower every household to make smarter, greener choices and take control of their bills. SMART ELECTRICITY GRIDS While households are seeing the benefits of smart meters, TNB is also upgrading what happens behind the scenes, through the implementation of the Distribution Automation (DA) Project. This initiative brings numerous benefits to both customers and field operations. On the customer side, one of the most important benefits is uninterrupted electricity supply, as users now enjoy a more stable power experience with minimal major disruptions. This significantly improves the overall customer experience, as the system helps improve power quality, optimise asset utilisation, and reduce outage durations. All of this is made possible as the system allows for rapid fault detection and faster decision-making, which significantly reduces restoration times during outages. At the operational level, TNB's control centres now utilise smart grid technologies that enable real-time monitoring and control of network assets. By using sensors and Intelligent Electronic Devices (IEDs), control centres receive automatic alarms and event notifications, allowing for more efficient responses. TNB operators can now remotely control critical components such as switches, circuit breakers, and reclosers — bringing benefits such as eliminating the need for manual intervention on-site and enhancing safety for on-ground personnel. This smarter grid doesn't just improve reliability; it also helps TNB prepare for a future powered by clean energy. TNB is also leveraging advanced analytics to predict equipment failures, analyse weather impact, and optimise overall grid performance. Thanks to this DA Project, nearly 33,000 substations have already been upgraded, benefiting millions of customers with more efficient power delivery. By 2030, 84 per cent of substations across Peninsular Malaysia will be part of this smart grid revolution. The project involves installing various equipment such as Remote Terminal Units (RTU), Field Terminal Units (FTU), Motorized Switchgear and other equipment at all types of substations (PMU – Main Intake Substation, PPU - Primary Distribution Substation, SSU - Switching Station and PE - Substation) at various voltage levels (132kV, 33kV and 11kV). As of now, the project has successfully installed and commissioned 4,565 substations, covering 3.6 million customers, bringing the total DA installation since 2014 to 32,905 distribution substations across Peninsular Malaysia. SUSTAINABLE ENERGY PRODUCTION TNB is also stepping up efforts to reduce Malaysia's carbon footprint. It is accelerating the integration of renewable energy (RE) into the grid, reducing reliance on fossil fuels and strengthening Malaysia's clean energy agenda. It's integrating more renewable energy, like solar and hydro, into the grid and preparing for a future where homes can generate, store, and even sell back electricity. One example is the Elmina Ilham Residence in Shah Alam. As Malaysia's first interconnected smart green community neighbourhood, 513 homes have been fitted with rooftop solar panels. Under TNB's Smart Community Infrastructure Programme, the homes have been equipped with 2.25kW solar panels through the Net Energy Metering (NEM) scheme, while the city will be under a rooftop leasing model using Community Renewable Energy Aggregation Mechanism (CREAM) - generating and offtaking green electricity within the community. Residents there can share clean energy within their own community, reducing both costs and emissions. To support this growing solar adoption, TNB is upgrading its systems to allow two-way energy flow, meaning energy can go from the grid to the consumer and vice versa. This shift is crucial in creating a cleaner, more flexible power system that supports TNB's Energy Transition Plan to achieve carbon neutrality by 2050, in line with the National Energy Transition Roadmap (NETR). Another key initiative supporting this national goal is the push for low-carbon mobility, and TNB plays a central role in driving this transformation. As the country's leading electricity provider, TNB is actively building a comprehensive EV charging ecosystem. Through its dedicated brand, TNB Electron, the company is deploying fast and accessible EV chargers across highways and urban areas, enabling both long-distance travel and daily convenience. In addition to installing its own chargers, TNB also supports Charge Point Operators (CPOs) to expand the national network, accelerating the adoption of cleaner transport options in line with Malaysia's Net Zero 2050 vision. POWERING ASEAN TOGETHER TNB's efforts tie directly into the Asean Power Grid — a bold regional initiative connecting power networks across Southeast Asia. Countries can share excess energy, balance their grids, and tap into each other's renewable sources. With its advanced smart grid and growing renewable capacity, Malaysia is well-positioned to be a key player in this cross-border energy exchange. Already, power-sharing agreements are in the works, turning Malaysia into a regional hub for clean and reliable electricity. These initiatives reflect TNB's commitment to modernising the energy landscape through innovation, sustainability, and community-led solutions, paving the way for a cleaner, more resilient future for all Malaysians.
New Straits Times
2 days ago
- Business
- New Straits Times
HLIB raises MN earnings forecasts on new CLS contract
KUALA LUMPUR: Hong Leong Investment Bank Bhd (HLIB) has increased its earnings forecast for MN Holdings Bhd for financial year 2026 (FY26) and FY27. This follows a new contract award and a higher assumption for future job wins. The firm has revised its FY26 and FY27 earnings upwards by 6.8 per cent and 7.5 per cent, respectively, it said in a research note today. The firm also maintained its "buy" call for the company, raising its target price to RM1.88 a share from RM1.76 previously. This is based on 20 times the FY26 fully diluted earnings per share of 9.4 sen. This revision reflects a RM39.5 million contract secured for a cable landing station (CLS) expansion project and a higher projected FY26 contract win assumption of RM450 million, up from RM397 million. "We view this latest win as a strong validation of MN Holdings' execution capabilities and believe it strengthens the group's position to secure upcoming CLS-related packages at this site. "If successful, we estimate this site alone could contribute an additional RM130 million in contract opportunities," it said. HLIB noted that one of MN Holdings' major data centre projects is nearing completion, with progress at 80 per cent. In view of this, only minimal contribution is expected in the coming quarter. The firm expects a temporary quarterly decline in earnings before growth resumes in subsequent quarters as newly secured data centre projects begin to ramp up. "In our view, this short-term softness is already well anticipated by the market and is unlikely to pose significant downside risk to the group's share price, given its transitory nature," it added. Within the ongoing data centre tender pipeline, MN Holdings has up to five active projects involving a mix of Chinese and US players. HLIB expects more data centre-related infrastructure jobs to come onstream following Tenaga Nasional Bhd's (TNB) latest data centre electricity supply agreement signings, which have now increased to 6.4 gigawatts (GW) from 5.9GW in the fourth quarter of 2024. "We continue to see MN Holdings as a credible co-tender, supported by its solid execution track record, particularly in delivering CLS projects under tight timelines. "This capability has been evident in several of its recent data centre-related wins, many of which marked the clients' first data centre set-ups in Malaysia," it added. The firm noted that the company's order book remained robust at RM1.13 billion as of March 27, with approximately 90 per cent stemming from the substation engineering segment. Despite the strong order book, tender activity remains healthy, with jobs valued at around RM1.85 billion, over 70 per cent comprise data centre and TNB projects.
New Straits Times
4 days ago
- New Straits Times
Sepang police raid five premises suspected of conducting illegal bitcoin mining activities
SEPANG: Police raided five premises suspected of conducting illegal Bitcoin mining activities during a special operation on the cryptocurrency mining machines here on Friday. Sepang district police chief ACP Norhizam Bahaman said five separate teams conducted the raids simultaneously, between 10am and 7pm, on three premises in Bandar Baru Salak Tinggi and two in Putra Perdana. He said the investigation was initiated by him a few months ago in addition to complaints from the public. The special operation also involved a special team from the Tenaga Nasional Bhd (TNB) headquarters in Bangsar, Kuala Lumpur. Preliminary investigations found that each premises could generate profits of around RM15,000 to RM20,000 per month through illegal bitcoin mining. "We were informed that a syndicate had stolen electricity supply to carry out the Bitcoin mining activities, with losses to TNB amounting to RM86,089 a month," he said in a press conference here today. He said the total losses incurred by TNB in the Sepang area from January to this month are estimated to be around RM516,534. Norhizam said that as a result of the raids, 143 Bitcoin mining machines and items used for that activity, worth more than RM171,600, were seized. The police have arrested four local men, aged between 20 and 40 years old, who acted as guards of the premises, on one of the premises in Putra Perdana. He said all the men were remanded for three days starting last Saturday to assist in the investigation. He said all the suspects do not have any criminal records and his team has opened five investigation papers under Section 427 of the Penal Code and Section 37(1) of the Electricity Supply Act 1990. "If convicted, the suspects may face a penalty under Section 427 of the Penal Code, which is imprisonment for a term not exceeding two years or a fine or both. "Meanwhile, under Section 37 (1) of the Electricity Supply Act 1990, a fine not exceeding RM100,000 or imprisonment for a period not exceeding five years or both may be imposed," he also said. He said those with information related to illegal Bitcoin mining activities, including illegal electricity connections, can report the matter to the nearest police station or contact the Sepang district police headquarters hotline at 03-8777 4222.
