Sunday, 10 Apr 2022 10:04 AM MYT
TNBF, which is a wholly-owned subsidiary of Tenaga Nasional Bhd , was established to ensure the sale of coal to independent power producers that have a power purchase agreement with TNB is at an affordable price and at the required quality. Global coal prices declined again and stabilised in the fourth quarter of 2021, but it did not last long following Indonesia’s decision to temporarily halt coal exports in January 2022 to meet domestic demand.
“The export ban lasted less than a month and it seemed that the situation returned to normal... suddenly the Russia-Ukraine war broke out which caused prices to soar again,” he said. “Because there are restrictions, they have to use coal and we have to go through this wave ,” he said.
Source: News Formal (newsformal.com)
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