and wind. In addition, Spark Renewables has an existing strong management team with highly experienced individuals in the RE industry with a proven track record in pipeline development. The international platforms will contribute significantly to TNB’s Net Zero aspiration by facilitating knowledge exchange, advancing expertise in renewable technologies, enabling technology uptake, and promoting international collaboration to accelerate the country’s sustainable energy transition. INTERNATIONAL GENERATION BUSINESS UPDATE On the international front, TNB International Sdn. Bhd. (TNBI), our platform for capturing global RE opportunities registered a higher full year performance from its onshore wind portfolio of around 100MWp in the United Kingdom (UK), which was acquired in 2022. In addition, overall power price was also favourable in 2023 in the UK region. However, this was offset by a non-cash impairment ofgoodwill for our investment in Vantage Solar UK Ltd. and Blyth Offshore Demonstrator Ltd. The impairment is an adjustment to reflect the softer power prices in the future and interest rate hike in the region, with no discount to the power plant performance. TNB’s Net Zero goal advances through international RE platforms, enhancing collaboration and technology in sustainable energy. FROM OUR LEADERSHIP Sec 2 41 ACHIEVING OUR STRATEGIC AMBITIONS Recognising the pivotal role of electricity transmission and distribution networks, TNB has consistently invested in crafting the Develop Energy Transition Network. This grid is designed to accommodate the growing incorporation of large-scale and distributed renewable energy (RE) sources, thereby playing a crucial role in Malaysia’s transition towards a more sustainable energy landscape. Furthermore, our grid infrastructure is instrumental in supporting the growing needs of electric vehicle charging stations and the expanding requirements of data centres across the country. Such advancements underscore our commitment to not only enhancing energy accessibility but also to