KUALA LUMPUR, Jan 30 — The Small and Medium Enterprises Association of Malaysia today questioned the government why Tenaga Nasional Berhad is increasing the price of electricity this year when it reported profits last year.
“While we can understand the need for periodic adjustments in prices, we cannot accept the quantum or the timing of it, especially since TNB reported a 9.6 per cent and 4.6 per cent jump in revenue and earnings respectively for the nine months ending September 30, 2021. “As such by TNB’s own admission, the national utility company will be doing better in coming months, and there are no reasons for the steep hike, especially since it is aspiring to cut down its reliance on coal in its portfolio from 45 per cent in 2021 to 10 percent by 2035,” Samenta group chairman Datuk William Ng said.
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