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Article: `TNB cannot function if power tariff not raised'
- Article from:
- New Straits Times
- Article date:
- March 16, 2006
- Author:
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M.K. Megan; Leslie Andres; Eileen Ng
New Straits Times
03-16-2006
`TNB cannot function if power tariff not raised'
Byline: M.K. Megan; Leslie Andres; Eileen Ng
Edition: Main/Lifestyle
Memo: Dewan Rakyat
IT'S no longer a question of "if" electricity tariffs will go up, but "when" this will happen.
Deputy Energy, Water and Communications Minister Datuk Shaziman Mansor provided the latest indication of this when he said that Tenaga Nasional Berhad would have to hike tariffs to stay afloat.
This was because the company's annual capital expenditure exceeded profit.
Although profits averaged RM1.5 billion annually, this would not cover its capital expenditure of about RM6.6 billion over the same ...
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