Coal rally a headache for Malaysia power firms

High costs: TNB Janamanjung Sdn Bhd coal-fired power plants in Manjung. For the second quarter to end-June, TNB’s average coal price stood at US91.1 per tonne.

PETALING JAYA: Despite some price retracement in the past two months, global coal prices remain high after rallying over 30% from a low of US$92 per tonne in April to US$120 per tonne in July.

Between July and October, the average coal price was US$116.43 per tonne as compared with an average of US$103.42 per tonne between January and June this year.