KUALA LUMPUR: Tenaga Nasional Bhd (TNB) will continue to give priority to investing in modernising the national grid into the “grid of the future”, a .
PETALING JAYA: Despite lower sales of electricity in the first three months of 2021, Tenaga Nasional Bhd (TNB) began its new financial year on a strong footing as net profit in the first quarter ended March 31 surged by 33.5% year-on-year (y-o-y).
TNB said net profit in the first quarter has increased to RM958.7mil as compared to RM717.9mil a year earlier.
Revenue, on the other hand, fell by 1.5% y-o-y to RM11.48mil.
The decline in revenue in the January-March 2021 period was offset by lower generation costs, a RM331.2mil reduction in foreign currency translation loss and a RM135.3mil increase in fair value of financial instruments.
Sunday, 09 May 2021 12:47 PM MYT
KUALA LUMPUR, May 9 ― Tenaga Nasional Bhd must have the necessary financial strength to continue undertaking huge capital expenditure (capex) investments to expand the system for growth and development, while maintaining stability in the country’s electricity supply.
Besides ensuring energy security, TNB would be well-placed to contribute a healthy RM31 billion to Malaysia’s gross domestic product over four years beginning 2021, arising from capital expenditure (capex) returns from a wide array of power development projects.
This includes a capex of RM7.3 billion this year and the forecasted RM24 billion from 2022 to 2024.
Such high investments would ensure widespread spill-over benefits to the Malaysian economy which is currently facing a downturn, no thanks to the crippling effects of the Covid-19 pandemic.
KUALA LUMPUR (May 9): Tenaga Nasional Bhd (TNB) must have the necessary financial strength to continue undertaking huge capital expenditure (capex) investments to expand the system for growth and development, while maintaining stability in the country s electricity supply.
Besides ensuring energy security, TNB would be well placed to contribute a healthy RM31 billion to Malaysia s gross domestic product over four years beginning 2021, arising from capex returns from a wide array of power development projects.
These include a capex of RM7.3 billion this year and the forecast RM24 billion from 2022 to 2024.
Such high investments would ensure widespread spillover benefits to the Malaysian economy which is currently facing a downturn, no thanks to the crippling effects of the Covid-19 pandemic.
Continuous huge capex investments by TNB will have positive spillover effects on Malaysian economy 09 May 2021 / 21:40 H. The national power company has allocated a capex of RM7.3 billion this year. – BERNAMAPIX
KUALA LUMPUR: Tenaga Nasional Bhd (TNB) must have the necessary financial strength to continue undertaking huge capital expenditure (capex) investments to expand the system for growth and development, while maintaining stability in the country’s electricity supply.
Besides ensuring energy security, TNB will be well placed to contribute a healthy RM31 billion to Malaysia’s gross domestic product over four years beginning 2021, arising from capital expenditure (capex) returns from a wide array of power development projects.