Assalamualaikum w.b.t.,

Hidup di dunia yang sementara ini banyak mengabui mata kita tentang matlamat kehidupan yang sebenarnya. Kita semakin terdesak dengan himpitan kehidupan dan berlumba-lumba untuk mencari kehidupan yang lazimnya lebih menampakkan keduniaa semata-mata.
Apakah ada di antara pelaburan yang semakin hari semakin kurang diberikan tumpuan? Namun, apakah kita menidakkan keperluan yang perlu kita sediakan di dunia bagi persediaan akhirat? Bagaimanakah pula pelaburan di dunia yang wajar dilakukan untuk persediaan akhirat kita? Wajar rasanya kita sama-sama bincangkan dan jadikan maklumat bersama ini sebagai panduan kita merentasi dunia untuk menempah tempat yang selesa di akhirat kelak, insyaallah.

Pandangan serta komen rakan-taulan, pak-pak ustaz, profesionalis, akauntan, hartawan, dermawan, pak/mak wan dan sebagainya boleh dikongsi untuk dijadikan panduan disamping memperkuatkan ukhwah sesama kita. Sila diemailkan pandangan anda ke mryteratak@gmail.com.


Wassalam.
5/11/2009
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Pemberitahuan: Semua maklumat di blog ini adalah pandangan peribadi melainkan dinyatakan sebaliknya. Sila rujuk kepada institusi atau badan yang berkaitan untuk maklumat lebih lanjut. Sebarang rujukan dari blog ini adalah risiko sendiri.Pengarang tidak bertanggungjawab di atas sebarang masalah yang timbul disebabkan oleh bahan diblog ini.

Monday, November 7, 2011

TENAGA Bell Ringing???

Ring! Ring! Ring! Ring!

Nuclear plant? Tariff hike? S.O.S EPF?

Ring for ruler change, more suitable I think....


Thestar: Monday November 7, 2011


Tenaga faces cash shortage

By YAP LENG KUEN

lengkuen@thestar.com.my


High cost of alternative fuels draining utility’s money
PETALING JAYA: The situation confronting the power sector is becoming more convoluted by the day.
Tenaga Nasional Bhd (TNB) is crying foul over its cash running out as it struggles to pay for the high cost of alternative fuels.
This follows another gas supply shortage occurring this time on a larger scale.
There were suggestions of cost-sharing, based on the previous experience in 2002, on a ratio of 40:30:30, to be borne by the gas supplier Petroliam Nasional Bhd (Petronas), TNB itself and the independent power producers (IPPs). But that seems to have fallen on deaf ears.
While TNB says it is no longer able to pay, the IPPs are saying there is obligation to pay. Meanwhile, Petronas says that up to August this year, it has already paid RM143.4bil in price differential, out of which RM103.2bil was for gas supplied to the power sector.
Back in 2002, the country also experienced a gas supply shortage albeit on a smaller scale. The IPPs were forced to pay back based on the ratio of payment.
“In those days, the perception was that IPPs made a lot of money at the expense of TNB,'' an analyst said, adding that the current situation was looking worse than before. “Now, the first generation IPPs are about to expire in 2015, so there is no need to squeeze them further.''
TNB is said to be paying RM400mil per month on the price differential between using distillates and gas as fuel.
Research houses like Maybank Investment Bank (IB) Research are projecting that TNB's cash will run out in three to four quarters.
“The IPPs are just offtakers of gas from TNB,'' said an analyst with a bank-backed brokerage. “The negotiations on gas prices are between TNB, Petronas and the Energy Commission. The shortage is so acute, with supply of less than 1,000 million std cu ft per day (mmscfd), this time. Due to the usage of distillates and oil, there is faster wear and tear. So the IPPs are also unhappy.''
The analyst suggested that TNB and Petronas each foot half of the bill as it was within its (TNB) right to ask Petronas to bear the cost.
“The Economic Planning Unit had given the undertaking that TNB gets a certain amount of gas (1,250 mmscfd) from 2009 to 2011, and the power structure was based on that understanding.
“By right, the Government has to pay the difference and TNB should be able to claim from Petronas,'' said the analyst.
A source told StarBiz that the matter related to payment by the IPPs did not arise anymore, especially since TNB and the IPPs came together to issue a joint letter to Prime Minister Datuk Seri Najib Tun Razak last week.

Moreover, TNB did not seem to be pursuing the matter with the IPPs anymore, the source said.
“The Government can raise tariffs, provide a subsidy to TNB and ask Petronas to pay for the gas shortfall. However, for TNB to make a cash call or do a rights issue to service working capital is a sure sign that things are not looking good.
“As a monopoly company, they should not be making a cash call for working capital. The Government should take over the extra cost,'' said the analyst from Maybank IB Research.



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