Tenaga Nasional Berhad Goes Live with Copperleaf for Asset Investment Planning and Management
Vancouver, BC, November 25, 2021—The Copperleaf® Decision Analytics Solution is now live at Tenaga Nasional Berhad (TNB), an electricity generation, transmission, and distribution company that serves over 9 million customers throughout Peninsular Malaysia. Copperleaf will provide TNB with an enterprise-wide platform to optimize its investment strategies to maximize value, mitigate risk, and achieve its strategic goals.
Copperleaf was selected in early 2021 to help TNB’s Grid division improve its Asset Investment Planning and Management (AIPM) processes and enhance its long-term planning capabilities in preparation for its 3-year regulatory submission to Suruhanjaya Tenaga, the energy commission in Peninsular Malaysia and Sabah.
“By leveraging AIPM best practices, the Copperleaf solution enables our Grid Division to create long-term investment strategies that maximize value and proactively manage risk in a systematic way,” said Datuk Ir’ Husaini Husin, Chief Grid Officer, TNB. “Copperleaf is helping us take TNB’s AIPM capabilities to the next level and adapt to the challenges of Incentive Based Regulation.”
“We are proud to have gained the trust of TNB and are honored to have partnered with such a renowned leader in asset management on the implementation of Copperleaf’s solution. Our software will enable TNB to extract maximum value from its portfolio of investments,” said Paul Sakrzewski, Managing Director of Copperleaf, Asia Pacific and Japan. “The two teams worked beautifully together under remote operating conditions to deliver a successful go live and we look forward to continuing helping TNB deliver on its commitment to the people and communities they serve.”
“Copperleaf will help TNB make value-based, risk-informed investment decisions across its Grid portfolio, ensuring that resources are optimally allocated and decisions support the achievement of its strategic priorities,” added Faridah Iskandar, Copperleaf Country Manager, Malaysia. “We look forward to building a long-term partnership with TNB, centered on delivering maximum value to its shareholders and customers, against a backdrop of a rapidly evolving industry and energy landscape.”
Tenaga Nasional Berhad (TNB) (www.tnb.com.my) is a leading Malaysian utility company in Asia with an international presence in the United Kingdom, Kuwait, Turkey, Saudi Arabia, Pakistan and India. Within the renewable energy space, as of 2020, TNB has a total portfolio of 2,732.3MW in Malaysia (including 2,536.1MW of large hydro) and 666MW across the UK, Turkey and India comprising mainly solar, wind and hydro energy generation assets.
Copperleaf (TSX:CPLF) provides enterprise decision analytics software solutions to companies managing critical infrastructure. We leverage operational and financial data to empower our clients to make investment decisions that deliver the highest business value. What sets us apart is our commitment to providing extraordinary experiences, shaped by people who care deeply, products that deliver exceptional value, and partnerships that stand the test of time. Copperleaf is a patron of The Institute of Asset Management and actively participates in shaping the future of asset management standards, including ISO 55000. Headquartered in Vancouver, Canada, our solutions are distributed and supported by regional staff and partners worldwide. Together, we are transforming how the world sees value.
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