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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.
Sabah needs an immediate and efficient green energy plan to resolve its power woes once and for all.
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.
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>.
IF there is one company that has suffered the most from the Government's vacillation, it must be Tenaga Nasional Bhd (TNB).
PETALING JAYA: Despite the expectation of slower earnings growth in the financial year ending June 30, 2013 (FY13) following a sterling performance thus far, news flow on potential corporate actions such as spin-offs and mergers and acquisition could attract investors to diversified group Sime Darby Bhd.
PETALING JAYA: Tenaga Nasional Bhd (TNB) is expected to register a strong finish for its financial year ended Aug 31, 2014 (FY14), with its fourth-quarter earnings projected to rise significantly on an annual basis due to lower electricity-generation costs.
KUALA LUMPUR: Tenaga Nasional Bhd (TNB) is unable to determine the impact of lower energy prices and the weaker ringgit on the company and will not be adjusting tariffs yet.