REALLY? ‘Tariff hike VITAL to cover TNB’s escalating costs’


History, but what the hey…

Don’t just be energy efficient, embrace an energy efficiency culture.

Dateline 2013-12-06, Malaysia Chronicle:

AN imminent power tariff hike may give Tenaga Nasional Bhd a profit boost but it is still spending more than what it earns, industry sources say.

TNB is spending at least RM6 billion on new infrastructure, maintenance and capital expenditure (capex) annually to ensure power supply sustainability.

The investment is higher than the RM4.6 billion profit the national utility posted for the year ended August 31 2013, they noted.

The tariff revision, which is effective from January 1, is crucial to help TNB meet rising costs of supply, reinvest in ageing equipment and make improvements in providing reliable and quality electricity supply.

Of the RM6 billion, TNB invests between RM3.5 billion and RM4 billion annually for new supply and system improvements to its distribution networks and multi-connection channels, sources said.

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