TNB’s cash flow forecast to improve on lower cost

Big winner: One of the wind turbines that form TNB’s solar-wind-diesel hybrid power generating system on Pulau Perhentian Kecil. The firm is one of the key beneficiaries of the National Energy Transition Roadmap from the strong ramp-up in its domestic RE presence.

PETALING JAYA: Tenaga Nasional Bhd (TNB) is expected to see its cash flow improve in the upcoming quarters on the back of lower operating costs and favourable power demand growth.

In a report, TA Research said TNB’s imbalance cost pass-through (ICPT) receivables are anticipated to decline in the coming quarters following the recent softening and stabilisation of fuel costs.