Healthy recovery in electricity demand

PETALING JAYA: The recovery in the demand for electricity is healthy but Tenaga Nasional Bhd’s (TNB) operating cashflow may stay under pressure if fuel prices continue to stay high, according to RHB Research.

It said that pending further details, the newly announced 1,200MW quota for solar resources may provide project sustainability for solar engineering, procurement, construction and commissioning contractors – even with the absence of large-scale solar or LSS5 for now.