Largest electricity utility in Malaysia achieves leading asset management certification

Classification Societies — By on July 19, 2013 at 7:07 AM

Lloyd’s Register has certified Tenaga Nasional Berhad (TNB) to the Publicly Available Specification PAS 55-1:2008 (PAS 55). TNB is the first company in South East Asia to be certified to PAS 55 for good asset management across Malaysia’s electricity grid.

“In these modern and challenging times, we have to make sure our ability is still relevant in the industry. We must also strengthen our position to progress and make TNB a company that is dominant domestically and a champion regionally. I believe PAS 55 is an enabler for this ambition. As president of the Institute of Asset Management (IAM) Malaysia, this PAS 55 certification holds very closely to my heart, ” said TNB’s President and CEO Y.Bhg Datuk Seri Ir. Azman Mohd.

TNB is the largest electricity utility in Malaysia and a leading utility company in Asia. Its transmission division is the national transmission system operator responsible for the main electricity transmission grid in Malaysia.

Mohd said: “We are very proud to be the first company in South East Asia to achieve this certification. Like the four-minute mile which initially was thought of as physically impossible and only to be broken by Roger Banister, many more have followed suit in breaking the record. Our certification will set an example and I’m expecting many more companies in the region to follow our approach to achieve this milestone.”

Lloyd’s Register’s work in the certification process involved a two-stage assessment before recommending TNB’s transmission division for certification. This process included an examination of the design of TNB’s asset management system and processes, followed by a second review where the asset management system was tested across the company’s transmission division.

Mohd Azhar Sulaiman, Managing Director of Lloyd’s Register Technical Services in Kuala Lumpur, Malaysia, highlighted: “Given Lloyd’s Register’s involvement with the PAS 55 certification from its outset, this is a fantastic step forward both for TNB and Lloyd’s Register. As TNB is the first company in South East Asia to achieve this type of certification, it sets a glowing example to other businesses throughout the world that good asset management is an important factor in any business – from a company’s daily operations to the board-room agenda.”

The award for the PAS 55 certification was presented in a special ceremony in July at TNB’s research centre in Bangi.

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