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TNB in deal with Shell to buy cheaper gas
PETALING JAYA: Tenaga Nasional Bhd’s (TNB) has entered into a deal to source its own supply of gas for its power plants, at lower market price compared with the regulated price
TNB secures cheaper gas deal from Shell
KUALA LUMPUR: Tenaga Nasional Bhd (TNB) venture into the gas supply business is off to a profitable start under a maiden deal with Shell Malaysia.
Low ordered sensitive info destroyed
KUALA LUMPUR: Fugitive financier Low Taek Jho, better known as Jho Low, had ordered for confidential and sensitive information pertaining to the joint venture (JV) between 1Malaysia Development Bhd (1MDB) and PetroSaudi International Ltd (PSI) to be destroyed, fearing that it could be used to threaten Datuk Seri Najib Razak’s position, the High Court heard.
Research houses maintain neutral outlook on power
PETALING JAYA: While consumers are expected to benefit, the power sector will face further uncertainties, arising from potential regulatory changes, and this could weigh on the industry’s financial performance
TNB likely to retain transmission and distribution monopoly
PETALING JAYA: Tenaga Nasional Bhd (TNB) is expected to hold on to its monopoly on the transmission and distribution (T&D) business, as the segment will remain part of the group’s core business following its proposed internal reorganisation, a research house says.
RAM reaffirms Tanjung Bin Energy’s AA3 sukuk rating for RM3.29b Sukuk
KUALA LUMPUR: RAM Ratings has reaffirmed the AA3/Stable rating of Tanjung Bin Energy Issuer Bhd’s RM3.29bil Sukuk Murabahah (2012/2032).
Long-term energy policy needed
KUALA LUMPUR: Malaysia needs a long-term energy policy to ensure the sustainability of supply and attract investments into the country.
TNB in the spotlight on looming market reforms
PETALING JAYA: The potential opening up of the power sector’s retail space will give consumers more options to buy their electricity from, but it is likely to have limited earnings impact on Tenaga Nasional Bhd (TNB).
Short Position
Why the selldown of TNB?
Tadmax shakes off power plant blues
TADMAX Resources Bhd, a company primarily involved in property development and dogged by uncertainties in its venture into power generation, is seeing some light.