Regulation

Staff Reporter

, Malaysia

Published:

13 years ago

Tenaga to pay $990M more for power generation after gas shortage

Malaysia's Tenaga Nasional expects to pay 3 billion ringgit or $990.6 million in extra costs for power generation this year if the current gas shortage is not resolved, reports Reuters.

Last month, local media reported that Malaysia's power plants were facing a prolonged gas shortage, denting profits for Tenaga Nasional which has to buy more expensive fuel distillates to keep generating electricity.

Tenaga bought 130,000 tonnes of fuel oil in August -- the third time it has bough large volumes this year at higher price levels, traders have said.

Also Read

Singapore to complete power market review by 2026

Philippines releases TOR for Green Energy Auction 4

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Hindustan Power to invest INR 620 crore in Assam’s renewable energy

This will fund solar and battery energy storage projects.

Project

38 minutes ago

Australia’s Central-West Orana REZ to commence construction

This project will add at least 4.5 gigawatts of network capacity by 2028.

Project

1 hour ago

Adani Energy takes over Mahan Transmission

This acquisition supports AESL's plan to create more value for its shareholders.

1 hour ago

Renova taps Shoreline Wind for onshore wind projects in Japan and PH

This aims to increase efficiency in the development of the projects.

IPP

1 hour ago

Exclusives

SMR use in Singapore’s data centers pushed

Other experts prefer an energy mix that includes nuclear, hydrogen, and imported RE.

Southeast Asia’s green transition to get $700m investment boost

The funding will cover solar, wind, and hydropower projects.

Project

Singapore's hydrogen gas turbine market heats up

The city-state’s hydrogen-powered plants are expected to cut its carbon emissions.

Project

Eyes on nuclear, hybrid power in 2025

There is nuclear resurgence in Japan and Korea, and high battery storage demand in India.

Power Utility

Event News

Co-Written / Partner ROCFILL VENTURE LIMITED revolutionises water conservation and water treatment industry with cutting-edge technology

With a remarkable reputation and partnerships with industry giants, ROCFILL is becoming a leading solution provider for global clients in the water conservation and water treatment industry.