TNB awards RM2.3bil jobs to local firms

Jimah Power East Sdn Bhd, a unit of state-owned utility Tenaga Nasional Bhd (TNB), has started marketing RM10bil of the notes even after anti-government protesters took to the streets amid an investigation into Prime Minister Datuk Seri Najib Tun Razak

PETALING JAYA: Tenaga Nasional Bhd has awarded long-term contracts worth a combined US$537mil (RM2.3bil) to four local companies companies, including Malaysian Bulk Carriers Bhd, for shipment of coal from Indonesia.

“The long-term contract of affreightment (COA) allows TNB Fuel Service Sdn Bhd (TNBF) to diversify its freight contracts’ portfolio to 60% term COA, 20% spot contract and 20% long term COA, subject to market condition,” TNB said.