Diesel subsidy, SESB loans write-off to boost TNB’s bottom line

Tenaga Nasional Bhd (TNB) can expect a boost of up to RM200mil to its bottom line from next year onwards as a result of savings from a diesel subsidy and write-off of loans to its unit, Sabah Electricity Sdn Bhd (SESB). 

The diesel subsidy and write-off of loans to SESB by the Federal Government, announced by TNB yesterday, would help loss-making SESB to improve its performance and reduce its financial dependence on TNB.