Tenaga Nasional Berhad (TNB) and TERAJU are taking a more structured approach to developing Bumiputera entrepreneurs, with PV 3.0 now positioned as a central platform to help local businesses capture opportunities in the rapidly evolving energy industry.
In outlining the programme’s objectives, TERAJU said PV 3.0 is not only about awarding contracts — it aims to transform Bumiputera vendors into competitive industry players capable of navigating the emerging green economy.
Currently, more than 3,600 Bumiputera vendors operate within TNB’s procurement ecosystem.
TNB has set a target for Bumiputera vendors to receive 55% of its total procurement spending by 2030, up from 47.8% in 2024, and hopes to bring over 1,700 vendors into the fold through the programme.
PV 3.0 represents the latest evolution of TNB’s vendor development initiatives, which began over three decades ago.
The upgraded framework now focuses on opening new business pathways, strengthening financing avenues and building technical expertise.
One of the programme’s major moves is the introduction of the Bumiputera Consultant Global Framework Agreement, which allows local consultants to participate in large-scale domestic and international energy projects.
In terms of financing, TNB and TERAJU have jointly introduced a special scheme designed to support vendor cash flow and enable smoother project delivery, particularly in areas linked to the energy transition.
Vendor capability development is supported through technical training and TVET pathways at TNB facilities, aimed at preparing Bumiputera vendors to take on advanced roles in the global energy market.
The move complements national policies such as TPB2030 and the National Energy Transition Roadmap and focuses on priority sectors including floating solar, centralised solar parks, EV charging systems and battery energy storage technology.