The Star 25/8/2010
KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has been offered by the Government to develop the first unit of 1,000 MW coal-fired power plant on its existing power plant site in Manjung Perak.
In a filing with Bursa Malaysia yesterday, TNB said the concession was to build, own and operate the coal-fired plant.
It said the plant was expected to commence operation on March 1, 2015.
Earlier, the Energy Commission (EC) had said it hoped the Government would identify a power company that would build up an additional 1,000 MW of electricity by the end of January next year.
Chairman Tan Sri Dr Ahmad Tajuddin Ali said there was an urgency to finalise the project as there would be a power shortage in 2015. This was because the initial 1,600 MW that was supposed to be transmitted to the peninsula from the Bakun dam had been scrapped thus creating a potential shortage and the need for a new plant.
Earlier this month, Tajuddin had said that three sites for power plants were shortlisted by the Energy Commission for the Government to consider. These were the existing Tanjung Bin power plant in south Johor (owned by MMC Corp Bhd), Jimah plant in Negri Sembilan (Jimah Power) and Manjung power plant in Perak (TNB) – for the new plant.
The offer by the Government to TNB has come earlier than expected as the Government was supposed to make its decision on the suggested sites only by next January.
TNB said the development of the project was subject to approval from Department of Environment (DOE) in relation to the detailed environmental impact assessment (DEIA) and EC’s approval. It added that TNB would ensure compliance to the DEIA study in order to meet the latest clean air regulations (CAR).
The use of the supercritical technology would considerably reduce the amount of carbon dioxide emission, particulate emissions, nitrogen oxide and sulfur oxides emissions with the added benefit of much reduced coal consumption due to the higher efficiency of the supercritical boiler, it said. “We will comply with all the requirements of CAR and obtain the necessary approval for the DEIA from the DOE, before commencing construction of this strategic power plant, TNB said in a statement.
Showing posts with label TNB. Show all posts
Showing posts with label TNB. Show all posts
Wednesday, August 25, 2010
Thursday, August 12, 2010
New power plant to be identified
The Star, 12/8/2010
KUALA LUMPUR: The Energy Commission (EC) hopes to identify the power company that will plant up an additional 1,000MW of electricity by the end of January next year.
“A decision is imminent for the construction of the first plant of up to 1,000MW,’’ chairman Tan Sri Dr Ahmad Tajuddin Ali told StarBiz yesterday.
Tan Sri Dr Ahmad Tajuddin Ali “We are still in the consultative process, evaluating the proposals submitted by three bidders of existing sites – Tenaga Nasional Bhd (Janamanjung), Malakoff Bhd (Tanjung Bin) and Jimah Power Sdn Bhd (Jimah).
“We will pick the winner the latest by the end of January next year. The winner this round has to ensure that the plant will be operational by the first quarter of 2015,’’ he added.
Each of these existing sites have the space for two more generating units of 1,000MW each, said Tajuddin.
“It is more economical to build on these existing sites and tap on their existing facilities,’’ he said, referring to the first unit being planned.
Based on an expected 6% growth in gross domestic product (GDP) per year, there is a projected power shortage in 2015 as initially 1,600MW was supposed to be transmitted via undersea cables to the peninsula from the Bakun Dam in Sarawak.
Greenfield projects is a possibility, but they take time to become operational, so they will not be able to meet the peninsula’s urgent power needs by 2015-2016.
Electricity consumption per capita in Malaysia now stands at about 3,412 kWh per annum, significantly higher than most developing countries, but still below the average in developed countries.
It is projected to more than double to 7,571 kWh per person in 2030, higher than that of the Asia Pacific Economic Cooperation region average of 6,833 kWh per person.
“Implementation must be carried out in the next 3 to 4 years,’’ he said, adding that a major criterion was to have a reserve margin of 20%. Among other factors, the speed at which financing can be secured by these bidders would also be considered.
Due to the limited gas supply in the long term, the commission had decided on a coal-fired plant which can be completed in 42 months. “We are a consequential planner. Since the Government has targeted a GDP growth of 6% per year under the 10th Malaysia Plan, we have to plan for the anticipated growth in energy demand,” he said.
“We need to plan for that ... no one can say it’s not going to happen (the targeted GDP growth); at the Electricity Commission, we have to be prepared to meet the future power requirement,” he added.
(Electricity demand is positively linked to a country’s GDP growth).
Still, the winner of the first round of tender can only supply 1,000MW. There’s still a gap of at least 600MW to be filled as Bakun is not providing the power.
“So, there is a need for a second plant,’’ he said.
“This second plant can be a greenfield project which would take longer to plan,’’ he said, adding that it would involve site investigations and compliance with environmental requirements.
KUALA LUMPUR: The Energy Commission (EC) hopes to identify the power company that will plant up an additional 1,000MW of electricity by the end of January next year.
“A decision is imminent for the construction of the first plant of up to 1,000MW,’’ chairman Tan Sri Dr Ahmad Tajuddin Ali told StarBiz yesterday.
Tan Sri Dr Ahmad Tajuddin Ali “We are still in the consultative process, evaluating the proposals submitted by three bidders of existing sites – Tenaga Nasional Bhd (Janamanjung), Malakoff Bhd (Tanjung Bin) and Jimah Power Sdn Bhd (Jimah).
“We will pick the winner the latest by the end of January next year. The winner this round has to ensure that the plant will be operational by the first quarter of 2015,’’ he added.
Each of these existing sites have the space for two more generating units of 1,000MW each, said Tajuddin.
“It is more economical to build on these existing sites and tap on their existing facilities,’’ he said, referring to the first unit being planned.
Based on an expected 6% growth in gross domestic product (GDP) per year, there is a projected power shortage in 2015 as initially 1,600MW was supposed to be transmitted via undersea cables to the peninsula from the Bakun Dam in Sarawak.
Greenfield projects is a possibility, but they take time to become operational, so they will not be able to meet the peninsula’s urgent power needs by 2015-2016.
Electricity consumption per capita in Malaysia now stands at about 3,412 kWh per annum, significantly higher than most developing countries, but still below the average in developed countries.
It is projected to more than double to 7,571 kWh per person in 2030, higher than that of the Asia Pacific Economic Cooperation region average of 6,833 kWh per person.
“Implementation must be carried out in the next 3 to 4 years,’’ he said, adding that a major criterion was to have a reserve margin of 20%. Among other factors, the speed at which financing can be secured by these bidders would also be considered.
Due to the limited gas supply in the long term, the commission had decided on a coal-fired plant which can be completed in 42 months. “We are a consequential planner. Since the Government has targeted a GDP growth of 6% per year under the 10th Malaysia Plan, we have to plan for the anticipated growth in energy demand,” he said.
“We need to plan for that ... no one can say it’s not going to happen (the targeted GDP growth); at the Electricity Commission, we have to be prepared to meet the future power requirement,” he added.
(Electricity demand is positively linked to a country’s GDP growth).
Still, the winner of the first round of tender can only supply 1,000MW. There’s still a gap of at least 600MW to be filled as Bakun is not providing the power.
“So, there is a need for a second plant,’’ he said.
“This second plant can be a greenfield project which would take longer to plan,’’ he said, adding that it would involve site investigations and compliance with environmental requirements.
Friday, July 9, 2010
Power plant upgrades in the works
Dated 16 June 2010.
Business Times
The Energy Commission will soon call for bids to upgrade existing power plants in Peninsular Malaysia for use from 2015 onwards.
"Malaysia's power consumption increases by 3 per cent every year.
By 2015, we'll need 800 megawatts (MW) more power and
by 2017, a further 1,000MW,"
said Energy, Green Technology and Water Minister Datuk Seri Peter Chin Fah Kui."If we don't plant up, we'll face brownouts," he told Business Times in Kuala Lumpur yesterday. Brownouts refer to the drop in voltage in electrical power supply.Malaysia's electricity reserve margin could fall below the 20 per cent threshold if there are no efforts made to boost production capacity.The future power supply in the peninsula is at risk after it was confirmed that electricity from the Bakun hydroelectric plant in Sarawak will only be used to meet the state's power needs.
Malaysia now has an installed capacity of 22,000MW.
It was reported that MMC Corp Bhd is keen to spend as much as US$1 billion (RM3.26 billion) to expand its 2,100MW Tanjung Bin power plant by another 800MW.
Similarly, Tenaga Nasional Bhd is seeking to raise capacity of its Manjung facility by 2,000MW from its current 2,100MW, at an estimated cost of between RM6 billion and RM7 billion. (USD1.84b to USD2.15b)
Under the 10th Malaysia Plan (2011 to 2015), the government plans two power plant upgrades in Peninsular Malaysia and construction of a new one in Lahad Datu in Sabah.
"So far, power plant operators in Perak, Negri Sembilan and Johor have indicated their interest to expand capacity," Chin said.
"We're only planning for two here, so we'll call for bids. The Energy Commission will make the necessary preparation," he added.
(Blogger's query: So where will the two upgrades be located? Manjung, Tg Bin, or NS?)
Business Times
The Energy Commission will soon call for bids to upgrade existing power plants in Peninsular Malaysia for use from 2015 onwards.
"Malaysia's power consumption increases by 3 per cent every year.
By 2015, we'll need 800 megawatts (MW) more power and
by 2017, a further 1,000MW,"
said Energy, Green Technology and Water Minister Datuk Seri Peter Chin Fah Kui."If we don't plant up, we'll face brownouts," he told Business Times in Kuala Lumpur yesterday. Brownouts refer to the drop in voltage in electrical power supply.Malaysia's electricity reserve margin could fall below the 20 per cent threshold if there are no efforts made to boost production capacity.The future power supply in the peninsula is at risk after it was confirmed that electricity from the Bakun hydroelectric plant in Sarawak will only be used to meet the state's power needs.
Malaysia now has an installed capacity of 22,000MW.
It was reported that MMC Corp Bhd is keen to spend as much as US$1 billion (RM3.26 billion) to expand its 2,100MW Tanjung Bin power plant by another 800MW.
Similarly, Tenaga Nasional Bhd is seeking to raise capacity of its Manjung facility by 2,000MW from its current 2,100MW, at an estimated cost of between RM6 billion and RM7 billion. (USD1.84b to USD2.15b)
Under the 10th Malaysia Plan (2011 to 2015), the government plans two power plant upgrades in Peninsular Malaysia and construction of a new one in Lahad Datu in Sabah.
"So far, power plant operators in Perak, Negri Sembilan and Johor have indicated their interest to expand capacity," Chin said.
"We're only planning for two here, so we'll call for bids. The Energy Commission will make the necessary preparation," he added.
(Blogger's query: So where will the two upgrades be located? Manjung, Tg Bin, or NS?)
Friday, June 18, 2010
Tenaga to bid for US$2.1b power project
18-06-2010
Tenaga Nasional Bhd, Malaysia’s state-controlled generator, will bid for a RM7 billion (US$2.1 billion) government project to upgrade power plants as the economic recovery boosts electricity demand.Construction of a new coal-fired plant at the utility’s existing station in Manjung would start in early 2011 and be completed by the end of 2014, president Che Khalib said in an interview at the company headquarters in Kuala Lumpur yesterday.Malaysia’s Energy Commission will soon call for bids to upgrade power plants by 2015 as the electricity reserve margin could fall below 20 per cent if capacity isn’t increased, the Business Times reported on June 16, citing Energy Minister Peter Chin. Power demand may rise by as much as five per cent a year in the next five years, in step with the government’s target of six per cent annual growth through 2015, Che Khalib said.
Tenaga may have to compete for the project with MMC Corp, Malaysia’s second-biggest electricity producer, and Jimah Energy Ventures, an independent power producer with a 25-year licence to operate a 1,400-megawatt coal-fired plant near Port Dickson in the southern state of Negri Sembilan.If Tenaga wins the bid, it may sell bonds in the middle of 2011 to help finance the project, Tenaga president Che Khalib said in an interview in Kuala Lumpur yesterday. “The usual funding structure will be 20 per cent equity and 80 per cent debt, so probably around RM4 billion to RM5 billion kind of debt-raising” would be needed.Tenaga shares rose 0.2 per cent to RM8.37 at 10:39 a.m. on the Malaysian stock exchange, headed for the highest close since May 19. They’ve dropped 0.4 per cent this year, lagging behind the benchmark index’s 3 per cent gain in the same period.
The government is planning 52 infrastructure and development projects worth RM63 billion over the next five years, including two coal-fired power plants, Prime Minister Datuk Seri Najib Razak said on June 10. The contracts will be put up for open tender, he said. -- Bloomberg
Tenaga Nasional Bhd, Malaysia’s state-controlled generator, will bid for a RM7 billion (US$2.1 billion) government project to upgrade power plants as the economic recovery boosts electricity demand.Construction of a new coal-fired plant at the utility’s existing station in Manjung would start in early 2011 and be completed by the end of 2014, president Che Khalib said in an interview at the company headquarters in Kuala Lumpur yesterday.Malaysia’s Energy Commission will soon call for bids to upgrade power plants by 2015 as the electricity reserve margin could fall below 20 per cent if capacity isn’t increased, the Business Times reported on June 16, citing Energy Minister Peter Chin. Power demand may rise by as much as five per cent a year in the next five years, in step with the government’s target of six per cent annual growth through 2015, Che Khalib said.
Tenaga may have to compete for the project with MMC Corp, Malaysia’s second-biggest electricity producer, and Jimah Energy Ventures, an independent power producer with a 25-year licence to operate a 1,400-megawatt coal-fired plant near Port Dickson in the southern state of Negri Sembilan.If Tenaga wins the bid, it may sell bonds in the middle of 2011 to help finance the project, Tenaga president Che Khalib said in an interview in Kuala Lumpur yesterday. “The usual funding structure will be 20 per cent equity and 80 per cent debt, so probably around RM4 billion to RM5 billion kind of debt-raising” would be needed.Tenaga shares rose 0.2 per cent to RM8.37 at 10:39 a.m. on the Malaysian stock exchange, headed for the highest close since May 19. They’ve dropped 0.4 per cent this year, lagging behind the benchmark index’s 3 per cent gain in the same period.
The government is planning 52 infrastructure and development projects worth RM63 billion over the next five years, including two coal-fired power plants, Prime Minister Datuk Seri Najib Razak said on June 10. The contracts will be put up for open tender, he said. -- Bloomberg
Wednesday, June 2, 2010
Dams for power
2 June 2010
Ulu Jelai 372 MW - Negotiations between TNB and a Pahang based company is almost finalised. Detials have been sent to MOF for approval.
Hulu Terengganu (Kenyir) 212MW - Civil portion awarded to Sino Hydro - Loh & Loh Consortium, E&M portion to Alstorm.
Cost of construction is about between RM3million to RM4 million per megawatt.
On 13/10/2008, BTImes reported:
The utility will use internal funds to pay for the two hydro-electric plants in Pahang and Terengganu, but it welcomes proposals from bidders to arrange fundingTENAGA Nasional Bhd (TNB) will go ahead with its plan to build two new hydro-electric plants in Pahang and Terengganu despite poor response to a tender.
The national utility called for bids to build the 212-megawatt (MW) plant in Hulu Terengganu but large players in the industry like Japan's Mitsubishi and Sumitomo, France's Alstom and Germany's Siemens, decided not to bid for the job."Yes, we're going ahead," TNB chief executive officer Datuk Che Khalib Mohamad Noh told Business Times.An industry source said the project would probably cost a third more than expected due to the rising cost of materials like steel. This means that one plant could cost up to RM2 billion."We have not reached that level yet," Che Khalib said when asked about the cost.TNB had said that it will use internal funds to pay for the two plants.
The utility had also welcomed proposals from bidders to arrange funding for the project.The Hulu Terengganu project is located north of the Kenyir Dam in Kuala Berang. Its detailed environmental assessment report is being reviewed currently.As for the 372 MW Ulu Jelai hydro-electric plant in Pahang, TNB is negotiating directly with a privately-held company to build it. Both plants are due to start operations after 2012.
Ulu Jelai 372 MW - Negotiations between TNB and a Pahang based company is almost finalised. Detials have been sent to MOF for approval.
Hulu Terengganu (Kenyir) 212MW - Civil portion awarded to Sino Hydro - Loh & Loh Consortium, E&M portion to Alstorm.
Cost of construction is about between RM3million to RM4 million per megawatt.
On 13/10/2008, BTImes reported:
The utility will use internal funds to pay for the two hydro-electric plants in Pahang and Terengganu, but it welcomes proposals from bidders to arrange fundingTENAGA Nasional Bhd (TNB) will go ahead with its plan to build two new hydro-electric plants in Pahang and Terengganu despite poor response to a tender.
The national utility called for bids to build the 212-megawatt (MW) plant in Hulu Terengganu but large players in the industry like Japan's Mitsubishi and Sumitomo, France's Alstom and Germany's Siemens, decided not to bid for the job."Yes, we're going ahead," TNB chief executive officer Datuk Che Khalib Mohamad Noh told Business Times.An industry source said the project would probably cost a third more than expected due to the rising cost of materials like steel. This means that one plant could cost up to RM2 billion."We have not reached that level yet," Che Khalib said when asked about the cost.TNB had said that it will use internal funds to pay for the two plants.
The utility had also welcomed proposals from bidders to arrange funding for the project.The Hulu Terengganu project is located north of the Kenyir Dam in Kuala Berang. Its detailed environmental assessment report is being reviewed currently.As for the 372 MW Ulu Jelai hydro-electric plant in Pahang, TNB is negotiating directly with a privately-held company to build it. Both plants are due to start operations after 2012.
Friday, November 6, 2009
Tender for Bakun submarine cable in 3 months time
Friday November 6, 2009By JACK WONG
KUCHING: The open international tender for the proposed submarine cable project to transmit electricity from Bakun hydro dam in Sarawak to Peninsular Malaysia is expected to be called in three months. Sarawak Hidro Sdn Bhd managing director Zulkifle Osman said a German consultant was now helping the special purpose vehicle set up by the Tenaga Nasional Bhd-Sarawak Energy Bhd consortium to prepare the tender documents. Sarawak Hidro, a wholly-owned subsidiary of Finance Ministry Inc, is the dam’s developer and manager.
Zulkifle said submission for the tender was expected to close in August next year. The tenders are for the fabrication and laying of cables across the South China Sea. “The first of the two submarine cables is expected to be completed by 2016 and the second a year later,’’ Zulkifle told a media briefing on the Bakun project here on Wednesday night, adding that each of the two submarine cables would transmit 800MW.
He said the actual route for the laying of the undersea cables, from Tanjung Pueh, Sematan in Sarawak to the southernmost tip in Johor, had yet to be determined. The cables, ranging from 670km to 700km, have to go through Indonesian waters.
The Bakun electricity will first be transferred through Syarikat Sesco Bhd lines to Bintulu and then Kuching before being linked to the submarine cables. Syarikat Sesco is a wholly-owned subsidiary of listed Sarawak Energy Bhd. The company was formerly known as Sarawak Electricity Supply Corp before it was privatised in July 2005.
Zulkifle said the dam, which has an installed capacity of 2,400MW, would be fully operational by 2011. The first of the dam’s eight turbines, which could each generate 300MW, is expected to be commissioned in October or November next year. However, he said the amount of electricity to be generated from Bakun initially would depend on the demand as Sarawak now have an excess of some 200MW.
Power from Bakun is also expected to be exported to neighbouring Brunei.
Zukifle said the dam’s civil as well as electrical and mechanical packages were more than 90% completed.
He added that the project’s actual development cost had not been determined, noting that Sarawak Hidro has not fully utilised the RM4.3bil it had borrowed to finance the Bakun dam construction.
KUCHING: The open international tender for the proposed submarine cable project to transmit electricity from Bakun hydro dam in Sarawak to Peninsular Malaysia is expected to be called in three months. Sarawak Hidro Sdn Bhd managing director Zulkifle Osman said a German consultant was now helping the special purpose vehicle set up by the Tenaga Nasional Bhd-Sarawak Energy Bhd consortium to prepare the tender documents. Sarawak Hidro, a wholly-owned subsidiary of Finance Ministry Inc, is the dam’s developer and manager.
Zulkifle said submission for the tender was expected to close in August next year. The tenders are for the fabrication and laying of cables across the South China Sea. “The first of the two submarine cables is expected to be completed by 2016 and the second a year later,’’ Zulkifle told a media briefing on the Bakun project here on Wednesday night, adding that each of the two submarine cables would transmit 800MW.
He said the actual route for the laying of the undersea cables, from Tanjung Pueh, Sematan in Sarawak to the southernmost tip in Johor, had yet to be determined. The cables, ranging from 670km to 700km, have to go through Indonesian waters.
The Bakun electricity will first be transferred through Syarikat Sesco Bhd lines to Bintulu and then Kuching before being linked to the submarine cables. Syarikat Sesco is a wholly-owned subsidiary of listed Sarawak Energy Bhd. The company was formerly known as Sarawak Electricity Supply Corp before it was privatised in July 2005.
Zulkifle said the dam, which has an installed capacity of 2,400MW, would be fully operational by 2011. The first of the dam’s eight turbines, which could each generate 300MW, is expected to be commissioned in October or November next year. However, he said the amount of electricity to be generated from Bakun initially would depend on the demand as Sarawak now have an excess of some 200MW.
Power from Bakun is also expected to be exported to neighbouring Brunei.
Zukifle said the dam’s civil as well as electrical and mechanical packages were more than 90% completed.
He added that the project’s actual development cost had not been determined, noting that Sarawak Hidro has not fully utilised the RM4.3bil it had borrowed to finance the Bakun dam construction.
Sunday, October 25, 2009
TNB: Power line to Sumatra by 2015
BT 24/10/2009
AFTER 20 years of feasibility and technical studies, the long-awaited power connectivity between Peninsular Malaysia and Indonesia is set to become reality by 2015.
Tenaga Nasional Bhd (TNB) (5347) president and chief executive officer Datuk Seri Che Khalib Mohd Noh said the power connection project will comprise about 200km of 250-kilovolt submarine cables and two sets of 57km submarine cables.
"The interconnection will have a capacity of 600 megawatts and is scheduled to be operational by 2015. Both TNB and PLN (Perusahaan Listrik Negara, Indonesia's national utility company) will have to meet again to discuss contract formalisation, costing, working details.
"In financing, the World Bank will be involved due to the significance of this project," Che Khalib told reporters in Kuala Lumpur yesterday after signing a heads of agreement with PLN president director Fahmi Mochtar.
Che Khalib said this will be the second power connection between the two nations after the first agreement covering Bakun and West Kalimantan.
The power link will allow both countries to assist and support each other's power requirements during peak hours, which is during the day in Peninsular Malaysia and during the night in Sumatra.
Che Khalib said the connectivity is part of the Asean power grid, of which Malaysia already has connections with Myanmar, Thailand, Singapore and Laos.
AFTER 20 years of feasibility and technical studies, the long-awaited power connectivity between Peninsular Malaysia and Indonesia is set to become reality by 2015.
Tenaga Nasional Bhd (TNB) (5347) president and chief executive officer Datuk Seri Che Khalib Mohd Noh said the power connection project will comprise about 200km of 250-kilovolt submarine cables and two sets of 57km submarine cables.
"The interconnection will have a capacity of 600 megawatts and is scheduled to be operational by 2015. Both TNB and PLN (Perusahaan Listrik Negara, Indonesia's national utility company) will have to meet again to discuss contract formalisation, costing, working details.
"In financing, the World Bank will be involved due to the significance of this project," Che Khalib told reporters in Kuala Lumpur yesterday after signing a heads of agreement with PLN president director Fahmi Mochtar.
Che Khalib said this will be the second power connection between the two nations after the first agreement covering Bakun and West Kalimantan.
The power link will allow both countries to assist and support each other's power requirements during peak hours, which is during the day in Peninsular Malaysia and during the night in Sumatra.
Che Khalib said the connectivity is part of the Asean power grid, of which Malaysia already has connections with Myanmar, Thailand, Singapore and Laos.
Wednesday, October 15, 2008
TNB wants IPPs to review power pacts
By Zuraimi Abdullah, BTimes
Published: 2008/10/15
If TNB's finances collapse, the independent power producers will also collapse and bring with them another RM22 billion of (TNB) debts, says TNB CEO
TENAGA Nasional Bhd (TNB) wants independent power producers (IPPs) to renegotiate and revise downwards their power pacts with the utility company, stressing that they will be dragged down too if its finances collapse.Chief executive officer Datuk Seri Che Khalib Mohamad Noh said TNB has RM22 billion of loans versus less than RM10 billion debts owed by the IPPs in the country."If TNB collapses, the IPPs will also collapse and bring with them another RM22 billion of (TNB) debts," he told reporters at a National Utilities Summit in Kuala Lumpur yesterday.TNB has long complained that the power purchase agreements (PPAs) it has with the IPPs were lopsided and a financial burden. That burden is being passed on to consumers in quantum never seen before.
Che Khalib stressed that it was not about "TNB versus IPPs".Rather, the latter - some of which had proclaimed that they were efficient - should pass on some of the efficiency gains to consumers to ensure equality or level-playing field, he said.Industry observers said TNB's financial viability depends on its ability to pass on the PPA burden, but there will be a limit to how much can be passed on to the consumers.Eventually, TNB's financial viability will be adversely affected to a greater degree than it is now, they said.Meanwhile, Che Khalib refuted industry estimates putting TNB's planned two hydro-electric plants at a combined cost of RM4 billion."It is a lot less than that," he said, referring to the two projects in Pahang and Terengganu.He said TNB has enough money for now to fund the projects and that they were on track to be completed in 2012.
TNB is to build a 212-megawatt (MW) plant in Hulu Terengganu and a 372MW Ulu Jelai hydro-electric plant in Pahang.Che Khalib said TNB will discuss more with the government on the Bakun project in Sarawak, although it had already started preliminary works on the dam.
Published: 2008/10/15
If TNB's finances collapse, the independent power producers will also collapse and bring with them another RM22 billion of (TNB) debts, says TNB CEO
TENAGA Nasional Bhd (TNB) wants independent power producers (IPPs) to renegotiate and revise downwards their power pacts with the utility company, stressing that they will be dragged down too if its finances collapse.Chief executive officer Datuk Seri Che Khalib Mohamad Noh said TNB has RM22 billion of loans versus less than RM10 billion debts owed by the IPPs in the country."If TNB collapses, the IPPs will also collapse and bring with them another RM22 billion of (TNB) debts," he told reporters at a National Utilities Summit in Kuala Lumpur yesterday.TNB has long complained that the power purchase agreements (PPAs) it has with the IPPs were lopsided and a financial burden. That burden is being passed on to consumers in quantum never seen before.
Che Khalib stressed that it was not about "TNB versus IPPs".Rather, the latter - some of which had proclaimed that they were efficient - should pass on some of the efficiency gains to consumers to ensure equality or level-playing field, he said.Industry observers said TNB's financial viability depends on its ability to pass on the PPA burden, but there will be a limit to how much can be passed on to the consumers.Eventually, TNB's financial viability will be adversely affected to a greater degree than it is now, they said.Meanwhile, Che Khalib refuted industry estimates putting TNB's planned two hydro-electric plants at a combined cost of RM4 billion."It is a lot less than that," he said, referring to the two projects in Pahang and Terengganu.He said TNB has enough money for now to fund the projects and that they were on track to be completed in 2012.
TNB is to build a 212-megawatt (MW) plant in Hulu Terengganu and a 372MW Ulu Jelai hydro-electric plant in Pahang.Che Khalib said TNB will discuss more with the government on the Bakun project in Sarawak, although it had already started preliminary works on the dam.
Saturday, May 17, 2008
MRCB wants to fully take over TTSB
Saturday May 17, 2008 The Star
MRCB wants to fully take over TTSB
KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has proposed to acquire Permodalan Nasional Bhd’s (PNB) 45% equity interest in Transmission Technology Sdn Bhd (TTSB) for RM52.7mil, thus raising its interest to 100%.
TTSB is the 55:45 joint venture company between MRCB and PNB set up to carry out 500kV and 275 kV transmission line projects for Tenaga Nasional Bhd. – Bernama
MRCB wants to fully take over TTSB
KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has proposed to acquire Permodalan Nasional Bhd’s (PNB) 45% equity interest in Transmission Technology Sdn Bhd (TTSB) for RM52.7mil, thus raising its interest to 100%.
TTSB is the 55:45 joint venture company between MRCB and PNB set up to carry out 500kV and 275 kV transmission line projects for Tenaga Nasional Bhd. – Bernama
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