KUALA LUMPUR, May 9 ― Tenaga Nasional Bhd must have the necessary financial strength to continue undertaking huge capital expenditure investments to expand the system for growth and development, while maintaining stability in the country’s electricity supply.
Among other things, the outcome of RP3 will determine how much TNB is expected to earn from its regulated business of electricity distribution and transmission where the bulk of TNB’s assets lies. This would translate to TNB being able to make the necessary investments to upgrade and enhance its power grid system and infrastructure for a better Malaysia.
It was encouraging to note that in December 2020, with the protracted pandemic, TNB had received the EC’s approval to extend the RP2 to December31, 2021 under fair terms, and negotiate for RP3 for the 2022-2024 period. This includes ensuring the safety of meter readers during the movement control order , minimising billing errors and empowering customers to monitor and control their energy consumptions through their fingertips via myTNB web and mobile application.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.