Kota Kinabalu: IRENE Kodoyou is one of the few hundreds of indigenous natives living in remote rural areas in Sabah who grew up without seeing a light bulb, not until about a decade ago.For everyone else in urban areas, her experience may be hard to imagine because electricity is often taken for granted. They have […]

KUALA LUMPUR: Unit 1 of Jimah East Power Sdn Bhd’s coal-fired power plant in Port Dickson, Negeri Sembilan, successfully achieved its first synchronisation on Dec 10. Jimah East Power is a 70 per cent subsidiary of Tenaga Nasional Bhd (TNB). TNB said the first synchronisation means the generator of Unit 1 had been synchronised to […]

PETALING JAYA: Amid an uncertain oil and gas (O&G) environment, it would seem that a floor price for crude oil has been fixed at US$60 per barrel since the collective agreement by global oil producers to cut supply. This development bodes well for Malaysia, both the government and local O&G industry players, as it signifies […]

PUTRAJAYA, Dec 14 — No electricity surcharge will be levied on domestic users in Peninsular Malaysia from January 1 to June 30, 2019, although the government agreed to continue implementing the imbalance cost pass-through (ICPT) mechanism during this period, says the Energy Commission (EC). The commission said this followed the government’s decision to use the […]

PETALING JAYA: A Sarawak MP has panned the state government’s proposal to revive the Light Rail Transit (LRT) project to link Kuching with surrounding towns such as Kota Samarahan to combat traffic congestion. The DAP MP for Bandar Kuching Dr Kelvin Yii said the proposed LRT project might not be the most cost-effective solution or […]

PETALING JAYA: (TNB) shares slipped 0.1% to RM13.54 despite entering into a partnership to grow its renewable energy (RE) portfolio. Tenaga Nasional (TNB) had entered into an agreement to subscribe to a compulsorily convertible debenture (CCD) issued by India’s GMR Bajoli Holi Hydropower Pte Ltd (GBHH) for 2.26 billion Indian rupees (RM133.2mil). The proposed investment […]

KUCHING: Sarawak is well on its way to achieve 97 per cent electricity coverage by 2020 with the RM2.37 billion special allocation in the State Budget 2019. In pointing this out, Assistant Minister of Rural Electricity Datuk Dr Abdul Rahman Junaidi said the electricity coverage in Sarawak currently stood at 91 per cent. “About nine […]

KUALA LUMPUR, Dec 8 (Reuters) – Malaysia will extend its oil production cuts by another six months after the agreement between OPEC and other oil producers to reduce global supply ends this year. OPEC and non-OPEC producers agreed at a meeting in Vienna on Friday to a new level of production cuts from January to […]

Argentina’s state-controlled energy company YPF and Malaysia’s Petronas are forming a joint venture to invest $2.3 billion over the next four years in the country’s Vaca Muerta shale oil fields, the president’s office announced on Tuesday. State-owned Petronas will have an equal stake in the project through its subsidiary Petronas E&P Argentina SA, the presidency […]

KUALA LUMPUR: Sapura Energy Bhd will be able to ride over the challenging third quarter financial results ended September due to its strong fundamentals, solid order book of RM18.2 billion, rebounding crude oil prices as well as full support of its majority shareholder, Permodalan Nasional Bhd. Analysts and industry sources said these are challenging times […]