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  • Subsidiaries: Companies Equity Holding

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    This document lists Tenaga Nasional Berhad's (TNB) subsidiaries and equity holdings in them, which range from 60-100%. It also lists TNB's associate companies where it holds between 10-49% equity, and investment companies where it holds between 1.58-10% equity. TNB has expanded significantly since the 1980s and now generates over RM2 billion in annual revenue and has assets of RM5.5 billion. However, growing debt led the Malaysian government to pursue privatization of TNB in the 1990s.

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    This document lists Tenaga Nasional Berhad's (TNB) subsidiaries and equity holdings in them, which range from 60-100%. It also lists TNB's associate companies where it holds between 10-49% equity, and investment companies where it holds between 1.58-10% equity. TNB has expanded significantly since the 1980s and now generates over RM2 billion in annual revenue and has assets of RM5.5 billion. However, growing debt led the Malaysian government to pursue privatization of TNB in the 1990s.

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    12 views4 pages

    Subsidiaries: Companies Equity Holding

    Uploaded by

    Muhammad Adib
    This document lists Tenaga Nasional Berhad's (TNB) subsidiaries and equity holdings in them, which range from 60-100%. It also lists TNB's associate companies where it holds between 10-49% equity, and investment companies where it holds between 1.58-10% equity. TNB has expanded significantly since the 1980s and now generates over RM2 billion in annual revenue and has assets of RM5.5 billion. However, growing debt led the Malaysian government to pursue privatization of TNB in the 1990s.

    Copyright:

    © All Rights Reserved
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    of 4

    SUBSIDIARIES

    Companies Equity Holding


    TNB Engineering Corp. Sdn. Bhd. 100%
    TNB Energy Services Sdn. Bhd. 100%
    TNB Fuel Services Sdn. Bhd. 100%
    TNB Janamanjung Sdn. Bhd. 100%
    TNB Power Daharki Ltd. 100%
    TNB Repair and Maintenance Sdn. Bhd. 100%
    TNB Research Sdn. Bhd. 100%
    Universiti Tenaga Nasional Sdn. Bhd. 100%
    TNB Ventures Sdn. Bhd. 100%
    Power and Energy International (Mauritius) Ltd. 100%
    Malaysia Transformer Manufacturing Sdn. Bhd. 100%
    TNB Prai Sdn. Bhd. 100%
    TNB Integrated Learning Solution Sdn. Bhd. 100%
    Orion Mission Sdn. Bhd. 100%
    TNB Quantum Solutions Sdn. Bhd. 100%
    TNB Pasir Gudang Energy Sdn. Bhd. 100%
    TNB Manjung Five Sdn. Bhd. 100%
    TNB Western Energy Sdn. Bhd. 100%
    TNB Connaught Bridge Sdn. Bhd. 100%
    Sabah Electricity Sdn. Bhd. 83%
    Tenaga Switchgear Sdn. Bhd. 60%
    Kapar Energy Ventures Sdn. Bhd. 60%
    EQUITIONS AND EQUITIES

    By the 80s, the Board was supplying the whole Peninsular with electricity, strategically
    replacing the Perak River Hydro Electric Power company (PRHEP) and its subsidiary Kinta
    Electrical Distribution Co. Ltd (KED) in 1982, Penang Municipality in 1976, and areas

    Lunas, Padang Serai, Telok Anson, Langkap, Tampin and Kuala Pilah. Its transmission lines
    now stretched over 6,300 kilometres, a great achievement from its previous 1,560 kilometres
    just a decade ago.

    By 1984, installed capacity had more than doubled to 1,379.2 MW exceeding peak demand by
    a healthy margin. Its consumer base now numbered 1,965,162 with revenue of approximately
    RM2.2 billion and fixed assets close to RM5.5 billion, as well as 24,882 staff.

    The Board was producing handsome profits through leadership of the highest calibre, and for
    the first time in history, a significant reduction in tariffs was offered. The Board even received
    accolade from the World Bank, recognizing it as a well-run and financially sound entity with
    an appropriate pricing policy, investment planning and with adequate autonomy.
    However, the Board’s loans became heavier as more funds were needed to fuel its expansion
    plans. Loans from foreign sources and the government soon stood at approximately RM1
    billion each with internal borrowings added to another 1 billion. Concurrently, staff wage had
    also risen significantly. Plus, the new power of International Capital and the emerging trend of
    Globalization made the challenge even more demanding.

    Subsequently, Prime Minister Dato Seri Dr. Mahathir Mohamad announced the government’s
    decision on a policy of privatisation. He stressed the danger of the government becoming a
    burden to the people it serve. Thus, privatisation is set in motion.

    Associates/ Investment Companies

    COMPANIES CATEGORY EQUITY HOLDINGS

    TNB Properties Sdn. Bhd. Subsidiary 100%

    100% held throughTNB Properties


    TNP Construction Sdn. Bhd. Sub-Subsidiary
    Sdn. Bhd.

    HICOM-TNB Properties Sdn Associate Company Of 40% held through TNB Properties
    Bhd Subsidiary Sdn. Bhd.

    INDERA-TNB Properties Sdn


    Bhd

    KM METRO- TNB Properties


    Sdn Bhd

    TNB Properties-JB Citytowers


    Sdn Bhd

    ZEUS-TNB Properties Sdn Bhd

    ASSOCIATE COMPANY

    COMPANIES EQUITY HOLDINGS


    Fibrecomm Network (M) Sdn. Bhd. 49%
    Teknologi Tenaga Perlis Consortium Sdn. Bhd. 20%

    Perusahaan Otomobil Elektrik (Malaysia) Sdn. 20%


    Bhd.
    GB3 Sdn. Bhd. 20%

    INVESTMENT COMPANY

    COMPANIES EQUITY HOLDINGS

    Labuan Reinsurance (L) Ltd 10%

    Federal Power Sdn. Bhd. 8.91%

    Bakun Hydro-Electric Corporation Sdn.Bhd. 6.67%

    Electrostorm Inc. 1.58%

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