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KUALA LUMPUR, April 12 -- Tenaga Nasional Bhd (TNB) intends to increase the percentage of bumiputera vendor participation and value-added in the utility company's vendor group.
President/chief executive officer Datuk Baharin Din said the increase in the percentage of bumiputera vendors was for the country's electricity supply project.
"Our total annual procurement is RM8 billion and 53 per cent are bumiputera.
"Our strategy, for example, is 'smart meters' which we are providing local vendors in terms of installation, manufacturing so that the percentage of local tender involvement in smart meters is 100 per cent in future," he said after attending the TNB Vendor Open Day programme here today.
To date, TNB has about 800 local vendors and 30 local manufacturers.
Baharin said the smart meter installation programme presently had a turnover of RM1.2 billion.
"The smart meter project has opened up investment opportunities to local manufacturers and suppliers to meet the need for meters, telecommunication infrastructure and related software, with a turnover of more than RM1.5 billion for the next three to four years," he added.
According to him, there are various other initiatives implemented by TNB, such as smart grid technology with Internet of Things features that can contribute to economic activities for suppliers.
Themed "Business Opportunity: Towards New Economy", the open day was attended by more than 150 TNB vendors.