TNB has been bleeding red ink of late as a crippling gas shortage takes its toll. It is now time to review those lop-sided concession agreements with the independent power producers, especially the first-generation IPPs.
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May 302011
Electricity tariffs have been hiked by an average of 7 per cent because the government says it cannot afford “subsidies”. But Proton has been enjoying “research grants” from the government.
So who is subsidising whom in the case of Proton?
Source: Proton Annual Report 2010
May 302011
Just so that you know, TNB’s revenue and net profit for the last five years.
Source: TNB Annual Report 2010
