look forward to achieving these transformative goals with you. OUTLOOK As Malaysia steers into 2024, it is poised to be an exciting year with TNB at the forefront of the nation’s ET journey. We are directing greater focus to our domestic businesses and investments in support of key initiatives to help achieve the goals outlined under the NETR. In line with this, we are preparing to participate in the LSS Programme’s fifth cycle (LSS5) which will see an expanded quota of up to 2GW, including a novel category for floating solar projects. Complementing this will be the Low Carbon Energy Generation Programme (LCEGP) with a 400MW quota, which opens up opportunities for other low-carbon power generation, such as small hydro, biogas, biomass, and hydrogen. In terms of addressing theintermittency issues of RE sources, we are planning to initiate Malaysia’s first utility-scale Battery Energy Storage System (BESS) project with 400MWh capacity. This pilot project, spearheaded by TNB and overseen by the Energy Commission, represents a pioneering step in enhancing grid stability and reliability, marking a significant milestone in Malaysia’s journey towards a sustainable energy future. Regionally, we look forward to our collaboration with Laos’ utility service provider, Electricite du Lao (EDL), which opens new possibilities for cross-border electricity trade within ASEAN. On the regulatory front, as we move closer to the Regulatory Period 4 (RP4) 2025-2027, TNB’s overarching goal is to continue supporting our customers’ energy needs and facilitating Malaysia’s Energy Transition. In this context, TNB is stepping up once again with significant CAPEX to maintain security of supply, meet the projected electricity demand growth of 1.6-4.3% and facilitate the Energy Transition. We aim to allocate a larger proportion of the CAPEX (compared to the previous year) for ET-related spending. Regarding the tariff structure, TNB is supportive of tariff reforms that ensure electricity costs are appropriately reflected on a fair and