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IF there is one company that has suffered the most from the Government's vacillation, it must be Tenaga Nasional Bhd (TNB).
PETALING JAYA: Tenaga Nasional Bhd (TNB) may be allowed to impose a 'single-digit' electricity tariff hike when the Government announces a new tariff next week, sources told i>StarBizWeek/i>.
NOW that the Energy Commission (ST) has awarded the concession to develop the first block of the 1,000 MW coal-fired power plant to Tenaga Nasional Bhd (TNB), the focus will be on a possible tender for the second block of an almost equal-capacity power plant in Malaysia.
Sabah needs an immediate and efficient green energy plan to resolve its power woes once and for all.
MARKET sentiment towards Tenaga Nasional Bhd (TNB) was slightly dented over the week, as the much-anticipated electricity tariff hike did not materialise. This came after the Cabinet's decision on Wednesday not to review the existing price of natural gas supplied to the power industry and to maintain it at a subsidised rate of RM10.70 per mmbtu (million metric British thermal unit) until the end of this year.