TNB ranked top among ASEAN energy firms (UPDATED)

KUALA LUMPUR, Nov 20 (Bernama) -- Tenaga Nasional Bhd (TNB) emerges top among Asean energy companies and fourth in Asia in Platts Top 250 Global Energy Companies, a prestigious energy industry award that recognises outstanding financial performance of top energy companies.

The annual rankings by Platts, a global provider of energy and commodities information, measures companies' performance in the previous year using four key metrics -- asset worth, revenue, profit and returns on invested capital.

Among Electric Utilities in Asia, TNB took fourth position. It was trailed by other established electric utilities like Kansai Electric Power, Japan, Chubu Electric Power Co Japan and others.

TNB also earned 123rd spot on overall global performance compared to 100th place in the previous year.

"We have done fairly well considering the 2008 financial year was a tough period given the volatile global fuel prices and weaker Ringgit," said TNB President and CEO Datuk Seri Che Khalib Mohamad Noh in a statement today.

Despite the tough time, he said, they have remained focus in their strive to serve customers better through improvements in efficiency, productivity and quality of electricity to TNB customers.

The award was presented at the Platts Top 250 Global Energy Companies Award in Singapore. TNB was represented by Corporate Communications General Manager Ismail Abdul Rahman.

MySinchew 2009.11.20

 

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