receiving specialised training to enhance their technical capabilities. T o further support our decarbonisation efforts, we are actively repowering existing plants with cleaner fuels, integrating green technology, and exploring the possibility of early retirement for coal plants domestically and internationally to ensure our operations are both efficient and reduce our environmental footprint. In 2023, we completed the disposal of our power generation assets in India, which included 1,650MW of coal generation. This divestment aligns with our intention to gradually reduce our coal generation capacity. In 2023, we successfully made inroads into the Australian RE market through the acquisition of Spark Renewables Australia, which has around 120.5MWp of operational solar assets and 4.2GW of RE pipeline. We expanded our RE footprint in Europe, namely in the Republic of Ireland, whichincludes the acquisition of operational solar assets with 276MWp capacity, This underscores our commitment to growing our international RE assets, enabling us to bring back technologies and implement new business models that benefit Malaysia. Our approach to transforming the energy generation landscape is three-fold: significantly increasing our renewable energy capacity, improving our carbon management, and a gradual reduction of our coal generation capacity. We own and operate 198 powers plants with an installed capacity of 16,283MW and we are cognisant of the need for us to decarbonise our generation fleet in a sustainable and responsible manner. CEO’S STRATEGIC & OPERATIONAL REVIEW Renewable energy and low-carbon energy sources are shaping the future, driven by a commitment to decarbonisation and climate action. FROM OUR LEADERSHIP Sec 2 35 DEVELOP THE ENERGY TRANSITION NETWORK At TNB, we strongly believe that there is no transition without transmission. This motivates us in building and maintaining intelligent, resilient and flexible electricity grids that enable the faster adoption of more RE sources. CEO’S STRATEGIC & OPERATIONAL