Tenaga Nasional Bhd
(TNB) plans to borrow up to RM700mil to fund its operational expenses for the current financial year (FY) ending August 2006. And it may need to borrow more next year if it does not get a tariff increase soon.
“We have proceeds from the sale of our Kapar plant and cash flow to take us to end-August 2006 but we would have to go for some small debts,” chief financial officer Izzaddin Idris told a media briefing in Kuala Lumpur yesterday.
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