Tnb Fuel Expects Coal Prices To Stabilise In 6 Months


 
Coal, mainly imported from Indonesia, is the main source of energy for electricity generation in the country. (Bernama pic)KUALA LUMPUR: Global coal prices have surged following the Russia-Ukraine war and has caused the power generation industry in Malaysia to be under pressure, said TNB Fuel Services Sdn Bhd (TNBF).
Its head of procurement and supply chain, Abdul Halim Othman, said global coal prices were expected to stabilise in six months.
Supply and demand is expected to return to some semblance of normality by then, he said.
TNBF, which is a wholly owned subsidiary of Tenaga Nasional Bhd (TNB), was established to ensure the sale of coal to independent power producers, that have a power purchase agreement with TNB, is at an affordable price and at the required quality.
It is a non-profit organisation with its main focus being on the availability of coal to ensure the continuous operation of coal stations so that the electricity supply in Peninsular Malaysia is not affected.
“Sustainable electricity supply is a pillar of the country’s economic drive.
“When the economy stabilises, then the price will fall again as observed in previous years,” Halim said via email.
He said the good economic growth record in 2021 resulted in high demand and rising global coal prices in the second and third quarters.
Global coal prices declined again and stabilised in the fourth quarter of 2021, but it did not last long following Indonesia’s decision to temporarily halt coal exports in January 2022 to meet domestic demand.
He said Malaysia imported most of its coal from Indonesia. Coal is the main source of energy for electricity generation in the country.
“We can overcome the problem of the export ban because we have a relatively large stock which can last up to a month.
“The export ban lasted less than a month and it seemed that the situation had returned to normal, but suddenly the Russia-Ukraine war broke out. This caused prices to soar again,” he said.
Halim said TNBF was constantly monitoring the current market situation and was now in a challenging situation as it had to buy coal at a higher market rate.
“Demand for coal in Europe has risen sharply since the war due to a lack of gas supplies from Russia.
“Because there are restrictions, they have to use coal. We have to go through this wave (increase in coal prices),” he said.
Coal prices soared to a record high of over US$400 a tonne in early March 2022 and US$291.60 a tonne on April 8.
Halim said TNBF had long-term contracts with suppliers that set coal prices for a one-year period to reduce the impact of sharp rises in coal prices.
In addition, TNBF has suppliers from several countries to ensure adequate supply to continue daily operations while reducing the risk of coal supply shortages, Halim noted. - FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2022/04/tnb-fuel-expects-coal-prices-to.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Go After Invisible Hands Inflating Chicken Prices Consumer Association Urges Ministry

Go After Invisible Hands Inflating Chicken Prices Consumer Association Urges Ministry

papar berkaitan - pada 7/4/2022 - jumlah : 133 hits
he Consumer Association of Kedah today called on authorities to investigate those responsible behind the recent spike in the prices of processed chicken NSTP FAIZ ANUARALOR STAR The Consumer Association of Kedah today called on authorities ...
Guardian Malaysia Lowers And Locks Prices Of 1 500 Essentials

Guardian Malaysia Lowers And Locks Prices Of 1 500 Essentials

papar berkaitan - pada 1/4/2022 - jumlah : 203 hits
To cushion impact of Covid 19 pandemic for consumersSHAH ALAM 28 May 2021 Guardian Malaysia today launched a nation wide initiative tolower and lock the prices of 1 500 items of health beauty and personal care essentials tocushion the impac...
Prices Of Ron95 Sugar Rice To Go Up In Subsidy Rationalisation Govt Resists Miti Agency S Proposal To Remove Subsidies

Prices Of Ron95 Sugar Rice To Go Up In Subsidy Rationalisation Govt Resists Miti Agency S Proposal To Remove Subsidies

papar berkaitan - pada 29/3/2022 - jumlah : 142 hits
Implementation will depend on Putrajaya s political will as move could be highly unpopular says one source If the Malaysia Productivity Corporation has its way Malaysians could very soon be spending considerably more on several key essentia...
Rising Costs Push Up Buffet Prices

Rising Costs Push Up Buffet Prices

papar berkaitan - pada 9/4/2022 - jumlah : 98 hits
Diners selecting dishes at a Ramadan buffet at a hotel in Kuala Lumpur on Wednesday NSTP HAZREEN MOHAMADKUALA LUMPUR Diners have noticed that prices for buka puasa buffets in hotels have gone up this year Malaysian Association of Hotels chi...
Ministry Denies Cap Report That Penang Veggie Prices Have Gone Up

Ministry Denies Cap Report That Penang Veggie Prices Have Gone Up

papar berkaitan - pada 10/4/2022 - jumlah : 151 hits
The domestic trade and consumer affairs ministry said some of the vegetables were sold cheaper than last month in Penang GEORGE TOWN The domestic trade and consumer affairs ministry has refuted allegations made by the Consumers Association ...
Dr M Says He Expects To Be Called In Over Remarks On Najib

Dr M Says He Expects To Be Called In Over Remarks On Najib

papar berkaitan - pada 5/4/2022 - jumlah : 182 hits
Dr Mahathir Mohamad said he expects to be called up after asking why Najib Razak had yet to spend a day in prison PETALING JAYA Dr Mahathir Mohamad said he expects to be hauled in by authorities for questioning the justice system after noti...
Reduce Plane Ticket Prices To Sabah By Increasing Flights Mp

Reduce Plane Ticket Prices To Sabah By Increasing Flights Mp

papar berkaitan - pada 15/4/2022 - jumlah : 250 hits
Kota Kinabalu MP Chan Foong Hin has urged Transport Minister Wee Ka Siong to have airlines arrange for additional flights from Peninsular Malaysia to Sabah as a ticket price lowering measure during festive seasons Chan said the proposal to ...
Flight Prices Increase Is Daylight Robbery Bung

Flight Prices Increase Is Daylight Robbery Bung

papar berkaitan - pada 14/4/2022 - jumlah : 142 hits
Sabah Deputy Chief Minister Bung Moktar Radin has described the move by local airline companies to increase flight fares especially to Sabah and Sarawak during the festive season as daylight robbery He said in a few weeks Muslims will be ce...
Hopes Of The Chinese For Pn

Orbit Labels The Parent S Choice For Safe And Sanitary Feeding

Mara Beli Hartanah Terlebih Nilai Di Uk Australia Meskipun Ditolak Mof

Leveraging Zero Click Searches

Ibu Bapa Elak Pilih Kasih Dengan Anak Anak

Senarai Calon Top 5 Festival Filem Malaysia Ke 33

Elak Kenyataan Merugikan Kerajaan Perpaduan Pemuda Umno Wp

Winstar Tingkatkan Kapasiti Untuk Ambil Peluang Peralihan Tenaga Solar


echo '';
Info Sinopsis Kutipan Terkini Filem Kahar Kapla High Council 2024 Prekuel Drama Projek High Council

Resepi Salad Sayur Rangup dan Berkhasiat

Memahami Fasa Renjatan Elektrik Yang Selamat dan Berbahaya Untuk Manusia

Info Dan Sinopsis Drama Berepisod Lara Kasih Slot Samarinda TV3

Senarai Lagu Tugasan Konsert Minggu 2 Gegar Vaganza 2024 Musim 11


Kenapa Berat Badan Bertambah Selepas Melahirkan Anak

Menu Kampung

Kereta Terbang Dari Jambatan Tak Siap

Dog Owner Ignored Sign And Brought Pup To Park

Intel Arc Battlemage Gpu Dikhabarkan Akan Dilancar Tahun Ini

Hujan Sangat Lebat Berterusan Dijangka Berlaku Di Kelantan Terengganu Dan Pahang Sehingga 29 November Ini