Tenaga Nasional Bhd (TNB) is considering an additional capital expenditure (capex) of RM300mil over the next two years, aimed at improving supply reliability in the Iskandar region, Johor.
Currently, he said, the utility giant was concentrating on a big cable project in the Iskandar development to ensure there was enough infrastructure.
The funds for the cable project had been allocated in the 2011 capex.
TNB, had announced earlier that the Capex for fiscal years 2011 and 2012 would stay at between RM4.2bil and RM4.5bil, but may peak to RM6.5bil in 2013 as more funding would be required for three new power plants.
It recently awarded jobs worth RM2.149bil to two consortiums to undertake construction of the Ulu Jelai hydro-electric power plant in Pahang.
It reported earnings of RM712.9 million in the first quarter ended Nov 30, 2010, just a marginal 1% increase from the RM706.3 million a year ago as it was impacted by higher coal prices.
There was an increase in forex translation loss of RM104.8 million as compared to RM45.4 million a year ago due to the strengthening of the yen and US dollar against the ringgit.
Revenue rose 5.3% or RM388.10 million to RM7.726 billion from RM7.338 billion. Earnings per share were 16.38 sen versus 16.28 sen. The 5.3% increase in revenue was maninly due to an increase in sales of electrcity in the peninsula and Sabah Electricity Sdn Bhd (SESB).
The electricity demand has shown a growth of 5% in the peninsula and 6.4% in SESB as compared to the previous corresponding period last financial year.
Operating expenses rose at a faster rate mainly due to higher generation costs as the average contracted coal price was US$95.5 per tonne compared with US$79.5 a tonne a year ago.
When compared to the previous quarter, revenue declined by 1.8% from RM7.869 billion.
Despite the lower revenue, operating profit recorded an increase of 75%, amounting to RM537 million attributing this to lower oeprating expenses in the current quarter.
This resulted in a net profit after tax (attributable to owners of the company) of RM712.9 million, an increase of 83.5% as compared to RM388.4 million reported in the previous quarter.
There was an increase in forex translation loss of RM104.8 million as compared to RM45.4 million a year ago due to the strengthening of the yen and US dollar against the ringgit.
Revenue rose 5.3% or RM388.10 million to RM7.726 billion from RM7.338 billion. Earnings per share were 16.38 sen versus 16.28 sen. The 5.3% increase in revenue was maninly due to an increase in sales of electrcity in the peninsula and Sabah Electricity Sdn Bhd (SESB).
The electricity demand has shown a growth of 5% in the peninsula and 6.4% in SESB as compared to the previous corresponding period last financial year.
Operating expenses rose at a faster rate mainly due to higher generation costs as the average contracted coal price was US$95.5 per tonne compared with US$79.5 a tonne a year ago.
When compared to the previous quarter, revenue declined by 1.8% from RM7.869 billion.
Despite the lower revenue, operating profit recorded an increase of 75%, amounting to RM537 million attributing this to lower oeprating expenses in the current quarter.
This resulted in a net profit after tax (attributable to owners of the company) of RM712.9 million, an increase of 83.5% as compared to RM388.4 million reported in the previous quarter.
The lower operating expenses were mainly due to lower fuel costs, down 6.8%, from the fourth quarter.
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