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Corporate News

Fitch expects Tenaga to benefit from on-going power reforms

KUALA LUMPUR: Fitch Ratings expects Tenaga Nasional Bhd's (A-/Stable) standalone credit profile to benefit from the mplementation of the imbalance cost pass-through (ICPT) mechanism due to rising fuel prices.

Markets

Research houses see better outlook for power sector

PETALING JAYA: Stocks in the power sector, which came under selling pressure due to regulatory risks and market headwinds following the general election, could see a better overall outlook in 2018.

Business

CIMB Research neutral on power sector, Gas Malaysia top pick

KUALA LUMPUR: CIMB Equities Research is retaining its neutral stance on the overall utilities sector as there could be more changes in regulations and policies with the new minister in place.

Business

Tadmax, Ranhill shares under pressure

KUALA LUMPUR: Shares of independent power producers (IPPs) were under pressure falling by up to 12% at midday following government’s decision in cancelling four IPP deals last week.

Business

Coal rally a headache for Malaysia power firms

Price of the commodity has increased while ringgit has weakened

SMEBiz

Powering up with the sun

FOR a company established only in 2013, Samaiden Sdn Bhd (pronounced as “sam-aiden”) is no stranger to players in the renewable energy (RE) industry due to its pivotal role.

Nation

Termination of four IPP projects could save RM1.26bil in electricity tariffs, says Minister

KUALA LUMPUR: The government will potentially save RM1.26bil in electricity tariffs following the cancellation of four independent power producers (IPP) projects in July, says Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin.

Nation

Four IPPs switched off

KUALA LUMPUR: The termination of four Independent Power Producers (IPPs) will save the government and consumers RM1.26bil in electricity tariffs said Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin.

Business

RAM Ratings revises Sarawak Power Generation outlook to positive

KUALA LUMPUR: RAM Ratings has revised the outlook on the AA2(s) rating of Sarawak Power Generation Sdn Bhd’s (SPG) RM215mil Sukuk Musharakah (2006/2021) to positive from stable.

World

French power vendors mull challenging government's tariffs freeze

PARIS (Reuters) - French independent power producers association ANODE said on Tuesday it would consider mounting a legal challenge against the government's planned freeze of state-owned utility EDF's regulated electricity tariffs.