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Jun 19, 2024 · Tenaga Nasional (TNB) has received a letter from the Energy Commission for the implementation of Hydro Life Extension Program of Sungai Perak hydroelectric power plants. The power plants have a capacity of 651MW in total. A total of 6 power stations comprising 18 units will undergo refurbishment under the program starting from FY24F.
Jun 4, 2024 · In terms of earnings, there is no impact on Tenaga Nasional (TNB). Every quarter, the higher or lower fuel costs are recognised in the form of increased or decreased revenue in the P&L Statement. Under RP (Regulatory Period) 3 guidelines, the reference rates for fuel are US$79/tonne for coal and RM26/mmbtu for gas.
Jun 14, 2024 · Tenaga aims to reduce the group’s coal capacity by 50% by 2035 and coal free by 2050. While the final target seems to differ from the Energy Commission’s current aspiration for 20% power generation capacity by 2039, management believed RE generation costs and technology advancement will eventually become comparable (if not better ...
May 31, 2024 · We maintain BUY on Tenaga Nasional (TNB) with a lower DCF-based fair value of RM11.80/share (terminal growth rate: 2%, WACC: 7%) vs. RM12.00/share previously. We ascribe a 3-star ESG rating to TNB. TNB’s net profit is expected to improve by 16.2% in FY23F after falling by 7.5% in FY22E due to the prosperity tax and higher depreciation expense.
Jun 21, 2024 · TENAGA’s FY23 core profit of RM3.07b missed our forecast and the consensus estimate by 15% and 12%, respectively. The variance against our forecast came largely weaker-than-expected 4QFY23 results (-34% QoQ) due to high fuel costs (+6% QoQ) (which will be recoverable under the Imbalance Cost Pass-Through or ICPT mechanism).
Jun 12, 2024 · Tenaga Nasional (TNB) announced that the High Court had allowed with cost TNB’s judicial review application to set aside IRB’s notice of additional assessment of RM1.8bil for YA2018. The High Court had agreed that TNB is entitled to claim reinvestment allowance for its capex as TNB manufactures electricity. In addition, TNB had already ...
1 day ago · Tenaga Nasional (TNB) has completed the divestment of TNB Liberty Power to AsiaPak Investments Ltd for US$54.5mil or RM228.4mil. AsiaPak Investments is a private investment company based in Pakistan and Hong Kong. Liberty Power owns and operates a 235MW combined cycle gas power plant that was commissioned in 2001.
