Staff Reporter
,
Malaysia
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.
Join Asian Power community
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!