Largest electricity utility in Malaysia achieves leading asset management certification

17 July 2013

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.

Tenaga Nasional Berhad (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 and should be recognised 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.

LR's PAS55 services

Lloyd’s Register was a sponsor and key contributor to the original development of BSI-PAS55:2004 in 2004 and its revision in 2008. Lloyd’s Register can apply this certification across a range of safety-critical sectors, including: power, oil and gas, nuclear, transport, water and utilities and have certified in excess of 50 organisations throughout the world.

PAS55 Asset Management services provides the client with the reassurance that assets are running to their optimal performance, making sure that any inherent risks are mitigated and the causes established early on, helping to reducing both cost and time constraints whilst improving the safety of day to day operations.

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