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

January 19, 2014

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.

…

Leave a Comment » | engineering | Tagged: , , | Permalink
Posted by Wata

From The Star – IPP & Gas Prices

January 22, 2009

Those of you who are old enough to remember the original Sony Walkman or SimSci’s ProII would remember when starting up an Independent Power Producer (IPP) was the equivalent of being on top of a Ponzi scheme.

Seems like 2009 is the year history repeats itself. Here’s the article deadline 2009-01-15:

This is because payments to the IPP’s make up 45% of  [Tenaga National Berhad’s] cost and fuel cost 15% … TNB has paid IPPs over RM9bil in the last financial year.

I can almost swear Jabba thought this one up.

The Star - IPP & Gas

The Star - IPP & Gas

I’ve scanned the article from the Star. You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.

6 Comments | Malaysia, oil and gas | Tagged: , | Permalink
Posted by Wata