Integrax acquisition to give TNB a huge cost saving in future

PETALING JAYA: Tenaga Nasional Bhd (TNB) is putting a lot of money upfront to acquire Integrax Bhd, the Lumut Port operator in Perak, but the utility firm could be looking at a huge cost saving in the future ahead of the commissioning of its new power plants in nearby Manjung.

Analysts said the takeover was a “tactical move” by TNB to secure its coal supply logistics.