The honours was awarded in recognition of the company’s continuous efforts in producing renewable energy in Sarawak.
Receiving the award was SEB chief executive officer (CEO), YBhg Datuk Torstein Dale Sjotveit, who was joined by several SEB management staff at the annual event, held in conjunction with the ASEAN Power Week from September 10 to 12, 2014.
“As Sarawak Energy aims to become a regional powerhouse in the ASEAN region, we acknowledge that there is a lot more work to be done, along with bigger responsibilities that (will) come our way. The award is a much appreciated acknowledgement of our achievements so far, and I am sure that it will drive Sarawak Energy and the people of Sarawak to greater heights,” said YBhg Datuk Torstein during his speech.
Since 2009, SEB embarked on a transformation journey to raise its efforts in achieving the mission of the corporation – which is to be a leading utility company in the region. Many developments within the corporation has taken place, such as greater brand awareness; organisational restructuring; expanding of manpower and enhancing customer service. Today, the company is one of the fastest growing companies in the state.
Over the last four years, SEB has recorded an increase in sales by 70%; manpower by 50%; improved customer reliability by 25%; reduced power theft by 50% and increased its rural electricity coverage from 65% to 80%.
In view of the state’s Sarawak Corridor of Renewable Energy (SCORE) agenda, SEB has shown its commitment towards harnessing the abundant hydroelectricity resources in a sustainable manner; to cater to the demands of the energy-intensive industries and also attract foreign investors to the state.
The Asian Power Awards aims to set the benchmark of corporate excellence in the power industry. Currently in their 10th year, the awards recognises top achievers, best practices and innovations throughout Asia. The award is organised by the Asian Power Magazine, and the awards were presented by the magazine’s Editor-in-Chief, Tim Charlton.
Among the categories of other awards were Power Retailer of the Year (Singapore), Smart Grid Project of the Year (Singapore), Coal Power Project of the Year (India), Transmission & Distribution Project of the Year (Hong Kong), Independent Power Producer of the year and the CEO of the Year.