KUALA LUMPUR: TENAGA NASIONAL BHD [] is confident that it could maintain its profitability for the financial year ending Aug 31 2010 barring higher coal prices continues to climb higher and breach US$110 a tonne.
Tenaga president and chief executive officer Datuk Sri Che Khalib Mohamad Nor said on Dec 9, Thursday that the demand for electricity was able to mitigate against the increasing coal prices.
'At the current coal price, we can hopefully maintain our profitability for the rest of the financial year. However, we might have to seek a review of electricity tariff if the coal prices continue to climb,' he said at the signing of an MoU between Tenaga and the energy division of Tyco Electronics.
As for the postponement of the tariff hike, as announced by the Energy, Green TECHNOLOGY [] and Water Minister Datuk Seri Peter Chin Fah Kui, he said it is the government's prerogative.
Che Khalib said Tenaga would make an appeal for a tariff revision if it could not sustain the rising coal prices.
Tenaga president and chief executive officer Datuk Sri Che Khalib Mohamad Nor said on Dec 9, Thursday that the demand for electricity was able to mitigate against the increasing coal prices.
'At the current coal price, we can hopefully maintain our profitability for the rest of the financial year. However, we might have to seek a review of electricity tariff if the coal prices continue to climb,' he said at the signing of an MoU between Tenaga and the energy division of Tyco Electronics.
As for the postponement of the tariff hike, as announced by the Energy, Green TECHNOLOGY [] and Water Minister Datuk Seri Peter Chin Fah Kui, he said it is the government's prerogative.
Che Khalib said Tenaga would make an appeal for a tariff revision if it could not sustain the rising coal prices.
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