TNB remains cautious about higher coal prices

However, the first quarter also saw the group continuing to face challenges arising from the global increase in coal price and increase in customer’s credit risk.(File pic shows unloading coal at Tanjung Bruas.)

PETALING JAYA: Tenaga Nasional Bhd (TNB) remains cautious on the prolonged increase in coal price and impact from increased customers’ credit risk outlook, although it foresees a reasonable performance for the year 2022 with the implementation of the Regulatory Period 3, effective from Feb 1.

In a filing with Bursa Malaysia, the group said for its first quarter ended March 31, 2022 (1Q22), it saw resilient performance underpinned by electricity demand growth of 4%, consistent with the overall improvement of Malaysia’s gross domestic product of 5% year-on-year.