Chief: Higher oil prices won’t affect TNB

  • Business
  • Thursday, 20 Feb 2003

HIGHER oil prices caused by a US-Iraq conflict will not affect Tenaga Nasional Bhd's (TNB) power production, according to its chairman, Datuk Dr Awang Adek Hussin. 

He said TNB consumed less than 10% of oil in its production compared with 80% of gas and 10% of hydro. 

“The oil portion is not big in TNB, it is not a significant component of our production. We depend more on gas, although in the long run any prolonged increase in the oil price will eventually affect the price of gas because there is a linkage between oil and gas,” he said at a luncheon hosted by TNB for the Palestinian delegate who is in town for the Peace Malaysian campaign. 

“I think we should be able to handle it.. We have to look at our sources and fuel supply and make sure we have a contingency plan.” – Bernama  

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