Petaling Jaya: Until December 31, 2020, the electricity tariff on the Malaysian Peninsula will not be revised.
Tenaga National Limited（TNB)
In a statement issued by the media, it said that the government had approved the current tariff plans of Peninsula countries from January 1 next year to December 31, 2020.
Tansri Leo Moggie, chairman of TNB, hinted at the move at a media briefing last week after the company's annual shareholders'meeting.
State Utilities said the government also agreed to provide 929 ringgit.
Subsidies of $37 million and 1.
From January 1 to June 30, 2018, it was 80 SEN/kWh.
"This includes 0.
The additional cost of generating electricity is 28 SEN/kWh, 1.
52 sen/kWh to continue current unbalanced costs（ICPT)
Rebate to customers, "it said.
But TNB says 1.
52 SEN/kWh ICPT discount will not be available to domestic consumers with monthly consumption of 300 kWh or less.
For other users, this means they will pay the same electricity charges for the period from January 1 to June 30, 2018.
"Six ringgies have been approved by the government.
From March 2015 to June 2018, the total rebate of TNB customers in Malaysia Peninsula was 33 bil, "TNB said.
In the same announcement, the company assured customers that they would continue to benefit from reliable power supply as more advanced technological infrastructure and other support plans were developed.
These include the development of advanced metrology infrastructure, fiber optic networks, efficient LED street lights, solar energy projects in public universities, and educational programs as part of corporate social responsibility initiatives.
TNB said last week that it would continue to invest in renewable energy. (RE)
Local and foreign production capacity, while bidding continued in 2018, focusing on solar and wind power projects.
The company's president and CEO, Datuk Serry Azman Mohid, said after the company's annual shareholders meeting that-
The long-term strategy includes overseas expansion because electricity sales in the domestic market are moderate.
He pointed out that structural changes in Malaysia's economy meant that the company needed to invest in rare earth and overseas markets to achieve growth.
According to Azman, TNB's future efforts will be guided by its strategic plan. (2017-2025)
Building on the key pillars of sustainable and sustainable growth.
The shares of Qiuming Bank closed flat at 14 ringgit yesterday. 98 with 8.
09 million shares changed hands.