Malaysia’s energy utility Tenaga Nasional third best in Asia
KUALA LUMPUR, Nov 26 -- Tenaga Nasional Bhd (TNB) has been ranked third among electric utilities in Asia in the Platts Top 250 Global Energy Company Rankings for 2011.
In a statement Saturday, 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 in Asia and 90th in overall global performance," it said.
The annual rankings are based on financial 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).
TNB president/chief executive officer, Datuk Seri Che Khalib Mohamad Noh, said the latest rankings were recognition of the company's commitment and perseverance in serving the customers better through improvement in efficiency and productivity.
"TNB will stay focused and strive harder to meet the expectations of the customers despite the tougher operational environment it have to face," he said.
The rankings were announced during the Platts Top 250 Global Energy Companies Awards ceremony held recently in Singapore.