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Business

EC: Electricity rebate not funded by taxpayers

PUTRAJAYA: The imbalance cost pass through (ICPT) rebate that is seen in the electricity bill is not funded by taxpayers money, said the Energy Commission (EC).

Business

Analyst Reports

UEM SUNRISE BHD, MALAYSIA AIRPORTS HOLDINGS BHD, KUALA LUMPUR KEPONG BHD and UTILITIES SECTOR.

Business

Ranhill says no plan to sell SAJ Ranhill

PETALING JAYA: Ranhill Holdings Bhd said it has no plan to sell its stake in SAJ Ranhill Sdn Bhd, a company that holds exclusive licence for water supply in Johor, the second most populous state in Malaysia.

Corporate News

Coal power plant, solar project to drive Tenaga earnings, says Moody's

KUALA LUMPUR: The commissioning of the 3GW coal generation capacity and a 50MW solar project will drive Tenaga Nasional Bhd's earnings growth, says Moody's Investors Service

Business

Tenaga is Kenanga Research’s top pick among power utilities

PETALING JAYA: Kenanga Research remains positive on the power utilities sector and advised investors to accumulate in view of the current price weakness.

Business

The sun shines on Cypark

FOR a company that is heavily loaded with debts due to the nature of its business, Cypark Resources Bhd is starting to see some upside since its transition from short-term contracts to concession-related activities.

Business

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Business

RAM: Power sector needs RM13b to finance facilities

KUALA LUMPUR: RAM Ratings estimates that independent power producers (IPPs) need another RM13.3 billion to finance forthcoming facilities, such as large-scale solar plants, with local bonds and sukuk markets as key funding sources

Business

Local IPPs to raise RM13bil more to finance new plants

PETALING JAYA: Local independent power producers (IPPs) are expected to raise an additional RM13.3bil in debt to finance their upcoming plants, according to RAM Ratings.

Business

YTL Power seen delivering lower dividend payout

PETALING JAYA: YTL Power International Bhd is expected to deliver a lower net dividend yield this year, as additional overhead costs associated with its Paka power plant could negatively affect the company’s dividend payout.