November 27, 2011

TNB ranked 3rd among Asia power utilities

KUALA LUMPUR: Tenaga Nasional Berhad (TNB) has been ranked third among electricity utilities in Asia in the Platts Top 250 Global Energy Company Rankings for this year.

In a statement yesterday, TNB said among global electric utilities, it was placed 24th in the latest ranking by Platts, a global provider of energy, petrochemicals and metals information.

"In addition, TNB was ranked 20th in overall performance in Asia and 90th in overall global performance," it said.

The annual rankings are based on performance in four key areas: asset worth, revenues, profits and return on invested capital. All companies in the list have assets of over US$3.5 billion (RM11.13 billion).

Tenaga Nasional Berhad president/chief executive officer Datuk Seri Che Khalib Mohamad Noh said the latest rankings were in recognition of the company's commitment and perseverance in serving the customers better through improvement in efficiency and productivity.

"Tenaga Nasional Berhad will stay focused and strive harder to meet the expectations of the customers despite the tougher operational environment it has to face," he said.

The rankings were announced during the Platts Top 250 Global Energy Companies Awards ceremony held recently in Singapore. -Bernama

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