By BERNAMA
TNB Repair and Maintenance Sdn Bhd (TNB Remaco), a wholly-owned subsidiary of Tenaga Nasional Bhd (TNB), is spreading its wings to overseas market as part of its strategies to increase contribution from non-TNB operations.
Its Chief Operating Officer Anuar Yusoff said by venturing to other markets in the region would provide a competitive edge for the company to become a regional service provider by 2015.
“Currently, 90% of the company’s revenue comes from TNB’s operation while the remaining 10 per cent comes from non-TNB operation. We aim to increase the non-TNB contribution to 40 per cent by 2015,” he told reporters during a media familiarisation briefing in Kuala Terengganu recently.
For the financial year ended Aug 31, 2012, the company recorded a pre-tax profit of RM41.68 million on the back of a revenue of RM543 million.
Out of the total revenue, 80% was contributed by overseas operation while the remaining 20% came from local operation,
Anuar said.
At the moment, he said the company had been shortlisted as one of the potential companies to manage and operate a power plant in Iraq.
“It is a 1+1 year contract and it is not for long term. Two companies from Malaysia had been shortlisted for the contract,” he said without elaborating on the contract details.
Apart from Iraq, the TNB’s operation and management unit is also eyeing the African market as potential market in the future.
Anuar said TNB was planning to have a hub in Nigeria, which can be use as a springboard to explore market opportunities in the African region.
“In this region (Africa), they have a lot of diesel engines as well as open cycled gas turbines which are within our sort of core competency,” he said.
For the financial year ending Aug 31, 2013, the company expects to achieve a pre-tax profit of RM44.2 million on the back of a revenue of RM630.4 million.
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