Tackling Tenaga

Malaysia's local electricity supplier is just one of the government-linked companies on Khazanah's books. And, like most of them, it has plenty of problems to deal with.

THE NEW PRESIDENT and CEO of Malaysia’s electricity generating and supply monopoly Tenaga Nasional Berhad (TNB) has a lot on his plate.

“It’s very exciting,” says Dato’ Che Khalib Mohamad Noh enthusiastically. “I wouldn’t want to go to a company that’s easy and boring. TNB has a lot of challenges. It keeps me going!”

He is not exaggerating. Appointed in May 2004 as part of a shake-up of the sleepy power company by government holding company Khazanah, Che has as his first task an effort to get to grips with the high level of borrowings inherited from his predecessor.