TNB’s revenue, profits for last 5 years

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Just so that you know, TNB’s revenue and net profit for the last five years.

Source: TNB Annual Report 2010

TNB incurred RM12.5bn for power purchased from external independent power producers (IPPs) in the 2010 financial year compared with RM11.8bn in 2009.

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Jen

All PPAs and other PPAs should be disclosed and it could be determined once and for all whether the government has been equitable in its energy subsidy cuts for end consumers while maintaining lopsided arrangements with the IPPs that supply power to utility firm TNB.

Qabil

The BN government is slowly but surely dimininishing our purchasing power with its different stages of barang naik strategy so as not to create a ‘sudden impact’ to poor consumers.

But the cumulative effect those individual hikes (BN’s euphemism as ‘subsidy rationalisation’) over the years has made food prices going up, up, up, even in small towns and villages.

moo_t

Frog under the coconut shell can never understand how the real world work.

Google Electric Storage, it reveal USA are the pioneer. The largest lead-acid electric storage located in Chino, California, 40 MWh. Commission in year 1988. Yupe, 1988, not 2008.

Sean

40MWh when a typical power station output is measured in GW is 40h/1000 = 40x3600s/1000 = 144s or just over 2 minutes of power backup at 100% efficiency.

moo_t

Be realistic, we all know the purpose of battery. Electricity storage are never mean to replace power plant.

Take Japan nuclear crisis as examples. If Tokyo Electric has such battery in the first place, it will buy them extra time restoring the power, avoid the current meltdown SNAFU .

When carefully plan, the extra battery power may compensate a temporary surge of usage, leverage the power plant fuel usage, rather than burning more fuel.

Sean

I think you’re missing the point. The largest (I haven’t checked your claim) battery storage system in the world provides for 2 minutes of backup for one 1GW power station. If you were to backup one 1GW power station with installations of “the world’s largest battery pile” (at 40MWh, which sounds very impressive to me, for what it is) and set a target of 24 hours backup, you would need 720 such installations. I don’t want to pee too much on your bonfire. It’s not that it’s impossible, it’s just that it’s really, really not as straightforward as you’re suggesting.… Read more »

moo_t

I think we are both talking apple vs orange here. I am talking how electricity storage COMPENSATE the grid,etc facilities. I assume you are more interested on storing electricity into electric driven appliances. I read my comment again, I don’t see where did you get the hint that I say the electric storage can REPLACE power plant , such as Fukushima gigawatt power output. What I am talking about is how the battery provide some sort electricity current during emergency/sudden surge. Indeed, the damaged Fukushima plant already rely on its BATTERY to cool down the radioactive fuel. Because the backup… Read more »

Champion

on the latest issue of the federal people wanting to build a dam in penang — urgh… i smell a big, big stinking, rotting rat — and they couldn’t have chosen a bigger rat to be the spokesperson…

tunglang

Another Satu Lagi Projek?
My hunch is this dam projek will be another Penang ‘damned problem-after-hand-over’ for LGE to shoulder.
And damn leaking / leeching projek it will be.

Any Penangite want to sell PBA water?
Singaporeans really love it for enhancing their food!

tan, tanjung bungah

Hi Anil,

It is good if someone can display the profits for the past 5 years or so of the IPPs.

The public should demand the contracts made between the govt and the IPPs be open to public scrutiny to examine the alleged lop-sided sweet-heart deals given to rent-seekers and BN/UMNO cronies! The public has a right to know as it is the public who has to pay for such lop-sided deals. UMNO Baru is trying to hide such deals under the guise of the OSA!!?

Kono

We all know why BN dare not reveal IPP contracts using OSA as an excuse for the self interests of their cronies in the privatisation of essential utilities. Why then should we contineu to pay taxes to the government when we still have to pay market price for essential services, which in the first place should be provided at minimum cost to us by the government from taxes collected from us. BN subsidises these privatised operators of essential services at an escalating pre-determined price (profit) over the privatised period and pass the price increase to us, the end-users. The end-users… Read more »

Aizat

Could it be that PM Najib dare not offend Mahathir in disclosing the contract between IPPs and TNB because people will get extremely mad at BN when they come to know how little Mahathir had cared for the rakyat? The situation is like asking all the BN MPs to declare their assets publicly and that include all the business connections they have with the GLCs or other crony linked mega projects. If they are reluctant or rather refuse to do so, it can only mean one thing i.e they are sharing a piece each of the pie. So, do you… Read more »

moo_t

This is clear sign of Nanny state “natural monopoly” (AKA legal monopoly) hurting the country economy and productivity. Whether head or tail, profit or loss, the people are the one that losing the game. Today, there is no such things ANY utilities services are “too big” that out of reach of private funding. When US government deregulate the electricity market in various state, Retail Electric Providers are very alive and stay competitive. When some politicians inside the government become smart-alecks and try to be show he know how on utilities infrastructure, it will destroy the natural competitive edge and efficiency.… Read more »

moo_t

Just some correction, electricity can be stored, into battery, except it is not economy feasible for country like Malaysia. Due to heavy subsidies, TNB and IPP has no reason to use load balancing methodology or need to think about “smart grid”.

Gerakan K

electricity can be stored, into battery ???

Even at the capacity of a whole country like us ???

Unbelievable !!! Or are you trying to out do tunglang’s oldies with your own fairy-tale ???

Show me the proof, please.

Sean

I think perhaps he might be referring to a fairly popular electric car theme where everyone’s car battery works as grid storage when the car is stationary. I also think it’s slightly pie-in-the-skyey (if you use the stored energy for shortfalls on the grid, does everybody have to walk?), but the maths might be reasonably close. Without the hypothetical ubiquitous electric car, you’re quite right.

tunglang

Gerakan K,
There are still people loving things oldies (not only in Malaysia lah). This is a universal fact of anthropology.

Anyway, thanks for free advertising of Tunglang.
You see, one can achieve fame or notoriety @ anilnetto.com!

Suhaila

The rakyat are questioning why the government finds it easy to withdraw subsidies from ordinary people and not IPPs. This double standard raises concerns that the government is protecting the IPPs, which incidentally were created during Dr Mahathir’s watch.