annual report - Tenaga Nasional Berhad

Operations Review – Investment Management Division[ Tenaga Nasional Berhad ] [ Annual Report 2008 ]88services for the development,operations and maintenanceof Renewable Energy relatedprojects such as wind and solarhybrid, biomass and mini hydro,Power Quality Mitigation andMonitoring, Energy EfficiencyAudit and Implementation andAir conditioning and MechanicalVentilation Systems services andmaintenance.TNBES had initiated a broadstrategy review to ensure thatits strategic intent and policiesremain relevant, building onthe opportunities presented bythe changing environment andmeeting the rising expectationsof the various stakeholders.T N B E S i s p ro u d t o h a v eparticipated in Engineering,Procurement and Contractingof 2MW Landfill Gas PowerStation in Puchong, Selangor,Operations and Maintenanceand Rehabilitation of TNB MiniHydro Stations, RenewableEnergy (Wind/Solar Hybrid)power stations for supply of upto 300kW per station at variouslocations, Renewable Energyof mini hydro for LangkawiCable Car Middle Station forLADA, the islands off Mersing,Johore, Orang Asli Settlementsin Peninsular Malaysia, PulauPerhentian (wind/solar) offTerengganu and Remote Areasin Sabah for the Ministry ofRural and Regional Developmentand Pulau Kapas for TerengganuState-owned PERMINT.I t e n j o y e d a p re s t i g i o u srecognition from ASEAN asthe winner of The Landfill Gas(Biomass) Project in the ASEANRenewable Energy ProjectCompetition in 2005 under GridCategory as well as being theFirst Runner-up for Solar HybridProject off Mersing under Off-Grid Category in 2008.The year ahead will be anespecially challenging oneas TNBES prepares for theincreased competition in theenergy service sector. It will workwith the management of theDivision as well as leveragingon its expertise towards realisingits vision of being “A Leaderin Energy Service Company ofChoice in Malaysia by 2010 andthe Region by 2015”.6. TNB Fuel Services Sdn.Bhd. (TNBF)As a purchaser and supplier offuel, including coal for powergeneration in Malaysia since1998, TNB Fuel Services Sdn.Bhd. (TNBF), wholly-owned byTNB, continues to face new andgreater challenges in the faceof volatile fuel market. TNBFplays a key role in monitoringcoal and freight markets. TheFuel Procurement ExecutiveCommittee and Coal HedgingCommittee, established tostudy the fuel market havesince extended its activities tocover other critical commoditiessuch as copper and aluminiumrequired by other subsidiaries.TNBF is optimistic that its vision“To Be a Reputable InternationalFuel Trader and Fuel ServicesProvider” would be fulfilled givenits track record and experiencein the field.7. Universiti Tenaga Nasional(UNITEN)Since its inception in 1997, theuniversity has emerged as oneof the most sought after higherlearning institutions in the countryin just 10 years. Favourableremarks have been constantlyreceived about UNITEN’s strategiclocation, first-class infrastructureand highly marketable graduates;but what stands it in good steadis its corporate credo – visionand mission statements – andthe undivided support of its staffat every level. Our university hasfive main colleges which caterto the educational and researchactivities of 7100 students.Although relatively small, theuniversity’s ability to perform atpar or better in research andteaching compared to moreestablished higher learninginstitutions are seen by a numberof achievements in the nationaland international arena.UNITEN’s principal activities areto provide higher educationand training. Its main sources ofincome are derived from tuitionfees, accommodation, rentalof facilities, consultancy andtraining fees. Total revenue inthe last three financial years hasincreased, from RM77.4 millionin financial year 2004/2005(FY05) to RM82.6 million infinancial year 2006/2007 (FY07)to RM98.3 million in financialyear 2007/08 (FY08). The bulk ofthe revenue is generated fromtuition fees.Research is one of the keyagenda of UNITEN and thisis seen in the quality of itsresearchers as clearly worded inits mission statement. UNITEN’scommitment in promotingresearch activities is evidentfrom the number of researchundertaken that continues toincrease year after year. UNITENhas won 38 local awards and3 international awards and hasacquired Ministry of Science,Technology and Innovation( M O S T I ) r e s e a r c h g r a n t samounting to over RM10 million.UNITEN has been placed in the7th position, and is the highestamong the Private HigherEducation Institutions (HEIs) toreceive the MOSTI Fund.As a pioneer among privateuniversities in Malaysia andis wholly-owned by TNB,UNITEN focuses on three nicheareas; engineering, informationtechnology and business. Most ofthe programmes are accreditedby professional bodies such asInstitution of Mechanical Engineers(UK), Institution of Civil Engineers(UK), Engineering AccreditationCouncils (EAC), Malaysia Instituteof Accountants (MIA), MalaysiaInstitute of Certified PublicAccounts (MICPA), and Instituteof Chartered Accountants ofEngland and Wales (ICAEW). Theprogrammes are also recognisedby international countries suchas United Arab Emirates (UAE),Kingdom of Saudi Arabia,Republic of Iraq and Republicof Yemen.Evidence on the quality ofour students and graduatesis their success in obtainingrecognitions and winning variouscompetitions at national andinternational levels. UNITENgraduates are highly soughtafter by the industry and areemployed by reputable nationaland international companies.