MALAYSIA'S TENAGA EYES EARNING
BOOST FROM POWER EXPORT TO THAILAND
Jan 18, 2007 Asia Pulse Data Source
Tenaga Nasional Bhd (KLSE:5347) expects
earnings from electricity export to Thailand to
double to RM1 billion (US$285.2 million) if the
current negotiations bear fruit.
Tenaga, which now received RM500
million for 300 megawatts (MW) of power supply to
Thailand, is negotiating with the Thai authorities
to export an additional 300MW.
Tenaga chief executive, Che Khalib
Mohamad Noh, said meetings had been going on and
the response was quite positive.
He was speaking to reporters after
attending a ceremony to mark Connaught Bridge power
station's 200,000 operating hours on Siemens gas
Asked when the negotiations would
be completed, Che Khalib said: "first we have to
get the agreement from Thailand to accept. We have
not got that yet."
"Our technical team is working on
the matter and hopefully the negotiations will be
completed within this year," he said.
North China's Inner Mongolian Autonomous
Region, southwestern Yunnan Province and Shandong
Province were the top three provinces whose installed
capacity rose by over 30 percent in 2006.
The manufacturing sector remains the
top power consumer of the country, with its total
power consumption rising 14.3 percent to 2,135.4
billion kw-hour in 2006.
The heavy industry consumed 1,702.1
billion kw-hour with a year-on-year growth of 15.4
percent. The growth is 0.14 percent lower than in
Power consumption of the light industry
rose by 11.9 percent to 413.3 billion kw-hour. The
growth is 1.87 percent higher than a year ago.
The service sector consumed 282.2
billion kw-hour, up 11.8 percent from 2005, while
power consumption by households rose by 14.7 percent
to 324 billion kw-hour.
China's GDP growth continued to grow
at around 10 percent in 2006. The government has
been striving to turn the investment- and trade-driven
economy to a more sustainable model that would be
less greedy for energy.