ID :
159108
Mon, 02/07/2011 - 08:13
Auther :
Shortlink :
https://oananews.org//node/159108
The shortlink copeid
South Afrıca Among New Sources Of Coal Supply For TNB
KUALA LUMPUR (Bernama) -- South Africa is among the sources of
new coal supply for Tenaga Nasional Bhd (TNB) to ease the current shortage, following the floods in Queensland, Australia.
Tenaga Nasional Berhad is the largest Electric utility company in Malaysia and also the largest power company in Southeast Asia.
Queensland has served as TNB's traditional supply market.
"The situation in Australia has affected us to a certain extent. Some of our
suppliers in Australia cannot deliver the coal to us, due to the flooding in
Queensland," said TNB President and Chief Executive Officer, Che Khalib Mohamad
Noh when asked about the coal price Monday.
"What we are doing now is buying coal from all over the world, especially
from South Africa," he added.
Che Khalib had earlier signed a memorandum of understanding (MoU) on behalf
of TNB with Reseau de Transport d'Electricite of France on technology transfer.
He also said that TNB is looking at the possibility of securing a bigger
supply from Indonesia,adding, company officials would be going to the country to
negotiate this.
"We are buying aggresively to overcome the supply situation now. I think the
situation in Queensland cannot be resolved over the next one or two months and
will take longer than anticipated.
"I think, we have to quickly ensure, the supply of coal," he added.
On the coal price, Che Khalib said it has been easing over the past two
weeks, having gone up as high as US$145 per tonne, and was now trading in the
region of US$120 per tonne.
"It (coal price) will not go below the US$100 level within a short period
of time but I think it is good for us.
"Every increase of US$10 in the coal price will have an impact of almost 16
per cent on the company's bottomline," he added.
Che Khalib was quoted last month as saying that TNB's bottomline for the
current financial year ending August 2011, is likely to be affected by 20 per
cent in the worst case scenario, if coal prices continue to increase
substantially.
new coal supply for Tenaga Nasional Bhd (TNB) to ease the current shortage, following the floods in Queensland, Australia.
Tenaga Nasional Berhad is the largest Electric utility company in Malaysia and also the largest power company in Southeast Asia.
Queensland has served as TNB's traditional supply market.
"The situation in Australia has affected us to a certain extent. Some of our
suppliers in Australia cannot deliver the coal to us, due to the flooding in
Queensland," said TNB President and Chief Executive Officer, Che Khalib Mohamad
Noh when asked about the coal price Monday.
"What we are doing now is buying coal from all over the world, especially
from South Africa," he added.
Che Khalib had earlier signed a memorandum of understanding (MoU) on behalf
of TNB with Reseau de Transport d'Electricite of France on technology transfer.
He also said that TNB is looking at the possibility of securing a bigger
supply from Indonesia,adding, company officials would be going to the country to
negotiate this.
"We are buying aggresively to overcome the supply situation now. I think the
situation in Queensland cannot be resolved over the next one or two months and
will take longer than anticipated.
"I think, we have to quickly ensure, the supply of coal," he added.
On the coal price, Che Khalib said it has been easing over the past two
weeks, having gone up as high as US$145 per tonne, and was now trading in the
region of US$120 per tonne.
"It (coal price) will not go below the US$100 level within a short period
of time but I think it is good for us.
"Every increase of US$10 in the coal price will have an impact of almost 16
per cent on the company's bottomline," he added.
Che Khalib was quoted last month as saying that TNB's bottomline for the
current financial year ending August 2011, is likely to be affected by 20 per
cent in the worst case scenario, if coal prices continue to increase
substantially.
