TNB ENGINEERINGCORPORATION (TNEC)

CO

MP

AN

Y P

RO

FIL

E

A TOTAL SOLUTION PROVIDER IN THE DISTRICT COOLING SYSTEMS SECTOR

INTRODUCTION

THE COMPANY 1

DISTRICT COOLING SYSTEMS 2

CORPORATE PROFILE 3

BOARD OF DIRECTORS 4

STRUCTURE OF ORGANIZATION 5

SUBSIDIARIES 6

TNEC ABU DHABI BRANCH 7 - 8

DISTRICT COOLING SYSTEMS PROJECT HIGHLIGHTS 9 - 16

CONTENTS

Established in 1993, TNB Engineering

Corporation Sdn Bhd, or simply known as

TNEC, is a wholly owned subsidiary of Tenaga

Nasional Berhad (TNB), Malaysia’s premier

electricity utility provider. TNB has diversified

its business into areas such as manufacturing of

power equipment (transformers, cables and

switchgears) and in providing project services.

TNEC has been entrusted to provide project

services as well as develop energy-related

projects, and has extensive experience in the

development, design, construction, operation

and maintenance of District Cooling System

(DCS) plants and networks, spanning a period

of more than 15 years.

INTRODUCTION

THE COMPANY

TNEC is a wholly–owned subsidiary of Tenaga Nasional Berhad (TNB), which is the largest electricity utility in Malaysia and a leading utility company in Asia. Established in October 1993 TNEC has grown from being an energy related contractor to providing services such as designing, constructing, financing the District Cooling System (DCS) project implementation, ownership and undertaking long term operation & maintenance services in the area of DCS.

TNEC is supported by the wide experience and knowledge of the TNB group of companies and the strong bond that TNEC shares with TNB. This has made TNEC the preferred partner for energy-related projects in Malaysia. This very relationship has been the driving force behind the company’s surge forward in securing projects and fulfilling customer demands.

TNEC’s core business is in DCS, where it undertakes the full range of services, which entail the initial concept, detailed design & engineering, procurement, construction, testing and commissioning, right up to operation and maintenance of such systems. TNEC also undertakes the role of a project developer and owner.

In Malaysia, several DCS plants with comprehensive operations and maintenance (O&M) services are currently in operation. DCS is the future trend in large air-conditioning systems and the natural choice for far-sighted property owners.

OUR VISIONTo be amongst the leading service providers in the regional energy business

OUR MISSIONWe are committed to excellence in our products and services

OUR ROLES, SERVICES AND BUSINESSThe roles undertaken by TNEC from project development, EPC contracting to ownership and O & M is meant to demonstrate its long-term commitment to a particular project. Typical roles taken by TNEC, normally in joint venture with local partners or OEMs are:• Project Developer• EPC Contracting• Engineering and Project Management• Operations & Maintenance

1

DISTRICT COOLING SYSTEMS2

TNEC pioneered the implementation of the (Build-Own-Operate) BOO DCS concept with the Pantai District Cooling, Bangsar project. With more than 10 years of DCS experience, TNEC offers a wide range of technology and project implementation options (BOO/(Build-Operate-Transfer) BOT/Engineering-Procurement & Construction (EPC) for potential clients to reduce their air conditioning costs through DCS, with the comfort and assurance of TNEC’S long term commitment.

3

Company Name : TNB Engineering Corporation Sdn Bhd

Co. Registration No. : 279964-A

Date of Incorporation : 28th October 1993

Business Address : No. 1701, Level 17, Block B Menara Amcorp, 18, Persiaran Barat Peti Surat 152, Jalan Sultan 46000 Petaling Jaya Selangor Darul Ehsan Malaysia

Tel : (603) 7958 2121 Fax : (603) 7958 2626 Email : tnec@tnb.com.my Website : http//www.tnec.com.my

Registered Address : No. 129, Jalan Bangsar, Kuala Lumpur

Bankers : Malayan Banking Berhad Pernas Sogo Business Centre Complex 1st Floor, Jalan Tunku Abdul Rahman 50100 Kuala Lumpur

Corporate Auditor : PricewaterhouseCoopers Level 10, 1 Sentral Jalan Travers Kuala Lumpur Sentral P.O. Box 10192 50706 Kuala Lumpur

Authorised Capital : RM50 Million

Paid-Up Capital : RM 4 Million

Shareholder : Wholly-owned subsidiary of Tenaga Nasional Berhad (TNB)

CORPORATE PROFILE

4

Name : Fazlur-Rahman Bin Zainuddin Business Occupation : Chief Financial Officer/ Vice President (Group Finance) Tenaga Nasional Berhad

Name : Nazmi bin OthmanBusiness Occupation : Chief Investment Management Officer Tenaga Nasional Berhad

Name : Anida Binti IshakBusiness Occupation : General Manager Investor Relations & Management Reporting Tenaga Nasional Berhad

Name : Mohd Sabri ZainBusiness Occupation : Managing Director TNB Engineering Corporation Sdn Bhd

COMPANY SECRETARY

Name : Rokiah Bt. Osman (f) (MAICSA 7006308)Business Occupation : Secretary

BOARD OF DIRECTORS

5

STRUCTURE OF ORGANIZATION

Tenaga Nasional Berhad

TNB Engineering Corporation SDN BHD

Subsidiaries100%

SubsidiariesMajority Owned

Associate ABRAJ COOLING LLC

Branch TNEC ABU DHABI

ACES TOMEST

BES TOM TNECC

(TNEC)

(TNB)

BES (BANGSAR ENERGY SYSTEMS SDN BHD) Bangsar Energy Systems Sdn Bhd (BES) is the owner company of the district cooling plant at the Bukit Pantai area in Kuala Lumpur. The plant has a cooling capacity of approximately 15,000 RT. Apart from the Bangsar plant, BES also owns and operates 3 other plants with a total of 6,930 RT namely MBSA (1,300 RT), UKM Loop 1 (3,700 RT) and IJN (1,930 RT) BES is presently a wholly owned subsidiary of TNEC.

TOM (TNEC OPERATIONS & MAINTENANCE SDN BHD)TNEC Operations & Maintenance Sdn Bhd (TOM) is involved in the operations and maintenance of completed projects implemented under the BOO/BOT concept by TNEC, both locally and abroad.

TNECC (TNEC CONSTRUCTION SDN BHD) TNEC Construction Sdn Bhd (TNECC) undertakes the various EPC contracts related to projects developed by TNEC group, usually on a joint venture basis with other partners and OEMs.

TOMEST (TOMEST ENERGY MANAGEMENT SDN BHD)TOMEST is a joint-venture company between TNEC Operations & Maintenance Sdn Bhd (51%) (TNEC) and KJ Engineering Sdn Bhd (49%). Currently, TOMEST undertakes operation and maintenance of DCS plant of Amcorp Trade Centre , which comprises two towers and a shopping mall. The plant capacity is 2,000 RT.

ACES (AIRPORT COOLING ENERGY SUPPLY SDN BHD)ACES is a joint-venture company between TNB Engineering Corporation Sdn. Bhd. (77%) (TNEC) and Malaysia Airports Holding Berhad (23%) to design, construct, finance, operate and maintain a 20,000 RT District Cooling Plant at the new Kuala Lumpur International Airport–2 (KLIA-2) for a 20 year concession period. The DCS plant supplies chilled water to the following buildings:

• Main Terminal Building (MTB)• Airport Mall and Transportation Hub• Landside Hotel 1• Air Asia Building

SUBSIDIARIES6

7

TNEC(ABU DHABI)

TNEC ABU DHABI BRANCH TNEC has established its branch office in Abu Dhabi, UAE in January 2009. TNEC-Abu Dhabi will further enhance TNEC’s presence in Abu Dhabi, and position itself for rapid expansion in the Middle East. The formation of TNEC-Abu Dhabi is part of TNEC’s overall business strategy to grow its DCS business outside of Malaysia. ABRAJ COOLING LLC (ABRAJ)TNEC and Abraj Cooling LLC. (An associate company of TNEC in Abu Dhabi) complement each other in undertaking projects in Abu Dhabi. The first two projects undertaken by Abraj and TNEC-Abu Dhabi have contributed a total of AED200 million in revenue to TNEC.

Building Material City District Cooling Plant,Abu Dhabi, UAEType of Development : Mixed ( Office, Shopping Mall & Hotel )Type Of Contract : EPCCompletion Date : 2013Abraj Cooling LLC : TNEC (49%), Al-Samah (51%)

Building Material City (BMC) Project is a mixed-use integrated project developed by Manazel Real Estate PJSC (Manazel). The development is located in the Musaffah area, just at the outskirt of Abu Dhabi.

The Project will see the development of 11 Office Buildings, 17 Residential Buildings, a 4-star Hotel and a Shopping & Exhibition Centre. Total plot area is estimated at 230,560 m2.

In order to meet the cooling requirement, a 30,000RT district cooling plant has been planned. Abraj has won the contract to construct the plant on a design & build basis.

The district cooling plant project commenced in June 2008 and it’s scheduled to be completed in stages. The plant will comprise of 10 numbers of 2,400RT chiller and a 32,542 RT-hour nominal chilled water thermal energy storage system. The project scope also includes the design & construction of three energy transfer stations (ETS) for the BMC development.

Al Reef Downtown District Cooling Plant,Abu Dhabi, UAE

Type of Development : Villa (Residential)Type Of Contract : EPCCompletion Date : 2011Abraj Cooling LLC : TNEC (49%), Al-Samah (51%)

The Al Reef Project is another property development project being undertaken by Manazel. It is located near the Abu Dhabi Airport. The project has a total development area of approximately 1 million square meters, comprising mainly of 2,500 villas, 1,806 condominiums and retail spaces.

A district cooling plant with a capacity of 8,000 RT was planned for the Al Reef Downtown area. Abraj has been awarded the contract to construct the plant based on basic design provided by Manazel’s Consultant.

The district cooling plant will comprise of three units of 2,135RT chiller and a 9,270 RT-hour nominal chilled water thermal energy storage (TES) system.

8 8

DCP Kuala Lumpur International Airport 2,Sepang, MALAYSIA

Type of Development : AirportType Of Contract : BOTEquity : ACES Sdn Bhd (TNEC-77% & MAHB-23%)Completion Date : April 2013

TNEC through its subsidiary, Airport Cooling Energy Services Sdn Bhd, had entered into a concession agreement with Malaysia Airports Holding Berhad for the privatization of the development of a 132kV sub-station and a district cooling plant for the supply of chilled water and electricity and associated works at the new low cost carrier terminal at Kuala Lumpur International Airport, Sepang, Selangor on a build-operate-transfer model for a concession period of up to 20 years.

The plant is capable to provide 20,000 refrigeration ton of chilled water and 25 MW of power consumption for KLIA2 requirements.

9

PROJECT HIGHLIGHTSDISTRICT COOLING SYSTEMS

DCP UiTM Seremban 3,Negeri Sembilan, MALAYSIA

Type of Development : UniversityType Of Contract : EPCCompletion Date : May 2013

UiTM Seremban 3 campus located in Seremban, Negeri Sembilan. The DCS/TES supplies the six (6) main buildings of FSSR, FSKM, FSSS, library, Student Center and administration building. Total load for DCS is 2,100 RT with capacity of Ice Cell savings of 6,200 RTH. Four (4) water cooled brine chiller is used with capacity 350RT respectively .

TNEC project was done in collaboration with the main contractor, Johawaki and concession Menang Corporation.

10

DCP National University Of Malaysia (UKM)Loop 2, Bangi, Selangor, MALAYSIA

Type of Development : UniversityType Of Contract : EPCCompletion Date : Aug 2011

Universiti Kebangsaan Malaysia (UKM), during the Eighth and Ninth Malaysia Plans has constructed new campuses and facilities within the vicinity of the second loop of its main campus in Bangi, Selangor Darul Ehsan. The development is known as UKM Loop 2.

The DCS System was developed to cater for the air-conditioning load of the buildings like Faculty of Engineering and Architecture, Faculty of Engineering (additional), Student Complex, Faculty of Technology & Science Information, Faculty of Education, Faculty of Law, Architectural Building (future), Language Teaching and Linguistic Centre, Computer Centre, Kompleks Tun Abdullah Mohd Salleh, Department of Development & Management Office and Printing and Publishing Centre. The total connected loads for these buildings are 4500 RT.

11

DCP UiTM Sg. Buloh, Selangor, MALAYSIA

Type of Development : Medical UniversityType Of Contract : EPCCCompletion Date : Dec 2009

UiTM Faculty Of Medicine,Sg. Buloh, Selangor

12

Universiti Teknologi MARA (UiTM) is Malaysia's largest institution of higher learning in terms of size and population.

TNEC was awarded the contract by UiTM to develop a District Cooling Plant for its medical student campus. The project was successfully completed and commissioned and supplying the chilled water.

The concept of the plant is to stored ice cell produced by the plant during the off-peak period and utilize the cooling energy during the day, where the peak electricity tariff is applicable.

DCP Institut Jantung Negara (IJN),Kuala Lumpur,MALAYSIA

Type of Development : HospitalType Of Contract : BOTCompletion Date : Dec 2007

Institut Jantung Negara (IJN), in expanding their hospital facilities and additional buildings, seek ways to minimize the air-conditioning cost and to interconnect with the existing air-conditioning facility for operation flexibility.

TNEC was awarded the contract for design, procurement, installation, testing and commissioning and Supply of Chilled Water for twenty (20) years through Build-Operate-Transfer (BOT) Scheme.

DCP of Majlis Bandaraya Shah Alam (MBSA),Selangor,MALAYSIAType of Development : GovernmentType Of Contract : ROM with FinancingCompletion Date : July 2006

Majlis Bandaraya Shah Alam (MBSA), the forward looking City Council has been actively seeking ways to minimize its air conditioning costs.

TNB Engineering Corporation (TNEC) offered to finance the replacement of the existing chillers and the installation of an ice Thermal Energy Storage (TES) System. Through its Rehabilitate, Operate and Maintain (ROM) Concept, TNEC also undertakes comprehensive plant operations and maintenance and charges MBSA a monthly bill for cooling energy utilization.

The plant has been expanded to form a District Cooling System (DCS) to connect to the Selangor Theatre and Museum. The TNEC ROM solution has helped MBSA reached its cost savings target without any capital investment.

1313

14

DCP of Malaysian Nuclear Agency(Nuclear Malaysia),Bangi, Selangor,MALAYSIA

Type of Development : Government AgencyType Of Contract : EPCCompletion Date : Mar 2002

Nuclear Malaysia is the national research institute whose core activities are nuclear science and other related technologies.

TNEC was awarded the contract for the design, procurement, installation and commissioning for the Air Conditioning Rehabilitation Works (conversion to TES scheme) at Nuclear Malaysia.The storage tank combines the ability to discharge energy at a high rate with low operating cost, achieving an estimated 30% savings on the electricity bill.

DCP of National University Of Malaysia(UKM) Loop 1,Bangi, Selangor, MALAYSIA

Type of Development : UniversityType Of Contract : ROM with FinancingCompletion Date : Oct 2000

Universiti Kebangsaan Malaysia’s (UKM) fast growing student population had its electricity consumption and costs spiralling every year. A comprehensive energy audit identified the urgent need for retrofitting work to address increasing maximum demand immediately and long term. TNEC was awarded the contract for the design, engineering, installation, testing & commissioning of a Thermal Energy Storage DCS Scheme and other system rehabilitation works, and thereafter to operate and maintain the system.

UKM achieved an average savings of RM 120,000 in monthly electricity cost or RM1,315,000 for a year of electricity billings. The average maximum demand was reduced from 8,952kW to less than 7,500Kw.The TNEC-UKM partnership effort to improve energy management was awarded with the Plaque of Recognition at the 2nd ASEAN Energy Efficient Building Best Practices competition for the Retrofitting Building category in 2001.

Malaysian Nuclear Agency

National University Of MalaysiaNational University Of Malaysia

Pantai District Cooling System,Bangsar,Kuala Lumpur, MALAYSIA

Type of Development : Mixed (Office, Hotel, Auditorium, Mosque and Retail)Type Of Contract : BOOCompletion Date : 1998

The Pantai District Cooling System, located in Bangsar was developed by TNEC to provide chilled water for air-conditioning purposes to major buildings in the vicinity of Pantai Baru and Jalan Bangsar areas. This development includes the prestigious Menara TM, TM Annexe, TNB Corporate HQ Complex, Pullman Bangsar hotel and Pantai Plaza commercial developments.

Bangsar Energy Systems Sdn Bhd, a subsidiary of TNEC, acts as project developer, owner and operator of the plant. It is a success story with the system being able to increase the plant efficiency with a 24% saving operating costs.

15

TNB ENGINEERING CORPORATION SDN BHD (279964-A)

1701, Level 17, Block B, Menara Amcorp18, Persiaran Barat, Peti Surat 152, Jalan Sultan,46000 Petaling Jaya, Selangor, Malaysia

T: +603-7958 2121 F: +603-7958 2626E: tnec@tnb.com.myhttp://www.tnec.com.my

(A wholly-owned subsidiary of Tenaga Nasional Berhad)