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NewsTenaga to rebalance fuel cost mix, focus more on coal, says Che Khalib
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Tenaga to rebalance fuel cost mix, focus more on coal, says Che Khalib
by hlk Thu 15 Dec 2011, 19:27
KUALA LUMPUR (Dec 15): TENAGA NASIONAL BHD []
is looking to rebalance its fuel cost mix of between coal and gas to
50:50 in 2016 from 40:60 now to reduce its dependency on gas, said its
president and CEO Datuk Seri Che Khalib Mohamad Noh.
"The coal-fired plant in Tanjung Bin, Johor will be expanded to
provide an additional 1,000 MW to meet the higher demand," he told
reporters after the company's AGM here on Thursday.
Che Khalib said TNB hoped to receive payment of up to RM2 billion on
the additional cost it incur for burning pricey oil and distillates from
the government and Petroliam Nasional as soon as possible.
"We are working on it, and hopefully when we receive it, it will
reverse our lost to profit, or else, we will be registering similar
results we recorded for the past few quarters," he added.
is looking to rebalance its fuel cost mix of between coal and gas to
50:50 in 2016 from 40:60 now to reduce its dependency on gas, said its
president and CEO Datuk Seri Che Khalib Mohamad Noh.
"The coal-fired plant in Tanjung Bin, Johor will be expanded to
provide an additional 1,000 MW to meet the higher demand," he told
reporters after the company's AGM here on Thursday.
Che Khalib said TNB hoped to receive payment of up to RM2 billion on
the additional cost it incur for burning pricey oil and distillates from
the government and Petroliam Nasional as soon as possible.
"We are working on it, and hopefully when we receive it, it will
reverse our lost to profit, or else, we will be registering similar
results we recorded for the past few quarters," he added.
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