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Pian keen to stay on as TNB chief

TENAGA Nasional Bhd (TNB) chief executive Pian Sukro said he is keen to extend his term as head of the country's biggest power producer after his contract expires at the end of June.

SECB starts exercise to become big utility player

SARAWAK Enterprise Corporation Bhd (SECB) has embarked on a restructuring exercise to transform itself into a major utility and energy player in the state.

TNB starts book-building for RM200mil issue

Tenaga Nasional Bhd (TNB) launched yesterday the book-building exercise for its proposed RM200mil convertible redeemable income securities (CRIS) issue, marking the power utility's first foray into the ringgit equity market since it went public in 1992.

TNB: No major impact of strong yen on loans

TENAGA Nasional Bhd (TNB) does not expect any significant impact from the strengthening of the yen although its loans denominated in the Japanese currency make up about 10.5% of its total borrowings of RM31bil.

Tenaga tariff hopes rest on Moggie

A tariff increase is seen as critical for Tenaga Nasional Bhd (TNB) given its insufficient rate of return, and some analysts are of the view that Datuk Amar Leo Moggie may be just the person to help the company present its case to the government in his capacity as TNB's new non-executive chairman.

TSH expects profits of up to RM10m from Sabah station

TSH Resources Bhd expects its 14MW renewable energy biomass power plant in Sabah to be commissioned in July to generate annual profit of RM8mil to RM10mil through sales of power to Sabah Electricity Sdn Bhd (SESB).

India power ops boost for Octagon

OCTAGON Consolidated Bhd expects its proposed acquisition of a mini-power generation operation in India to help double its net profits in 2005 from the RM11mil reported for the year ended Oct 2003, according to chief executive officer Mazlan Ali.


RATING Agency Malaysia Bhd (RAM) has reaffirmed B>HONG LEONG BANK BHD/B>'s long- and short-term general bank ratings at I>AA3/Iand I>P1/Irespectively, with a positive outlook.

TNB still in talks to buy NUR, says chairman

TENAGA Nasional Bhd (TNB) is still in discussions to buy Northern Utility Resources Sdn Bhd (NUR), although there is still a big gap to fill before an agreement can be reached, said TNB chairman Datuk Dr Awang Adek Hussin.

No plan for new bonds this year, says TNB

TENAGA Nasional Bhd (TNB) has no plans to issue new bonds this year, but instead will raise RM4.4bil by mid-2004 through the sale of its RM3.6bil Kapar power plant as well as stakes in several independent power producers, said chairman Datuk Dr Awang Adek Hussain.