KUALA LUMPUR (Jan 17): TENAGA NASIONAL BHD [] expects to return to black in the second quarter ending Feb 2012, boosted by the RM2 billion received from Petroliam Nasional Bhd and the government under the fuel cost-sharing mechanism.
Its president and CEO Datuk Seri Che Khalib Mohamad Noh said on Tuesday the first RM1 billion was received on Dec 30 while the second RM1 billion is expected to be received next month.
On the gas shortage, Che Khalib said a task force comprising of TNB, Petronas and the government was set up to find ways to resolve this issue.
He said TNB would source the gas at competitive market prices from the various gas suppliers once the LNG regas terminal is ready by Sept 2012.
On its impact on tariff and TNB's costs, Che Khalib said the company was working with the government to address this issue.
"We need to resolve the gas supply shortage first," he said.
Its president and CEO Datuk Seri Che Khalib Mohamad Noh said on Tuesday the first RM1 billion was received on Dec 30 while the second RM1 billion is expected to be received next month.
On the gas shortage, Che Khalib said a task force comprising of TNB, Petronas and the government was set up to find ways to resolve this issue.
He said TNB would source the gas at competitive market prices from the various gas suppliers once the LNG regas terminal is ready by Sept 2012.
On its impact on tariff and TNB's costs, Che Khalib said the company was working with the government to address this issue.
"We need to resolve the gas supply shortage first," he said.
