OTHERS IMBALANCE COST PASS-THROUGH ("ICPT") FOR JULY - DECEMBER 2022

Company Name TENAGA NASIONAL BHD
Stock Name TENAGA
Date Announced 24 Jun 2022
Category General Announcement for PLC
Reference Number GA1-24062022-00091

Type Announcement
Subject OTHERS
Description
IMBALANCE COST PASS-THROUGH ("ICPT") FOR JULY - DECEMBER 2022

Tenaga Nasional Berhad (“TNB”) wishes to inform that as released in the “Kenyataan Media YAB Perdana Menteri” dated 24 June 2022, the Imbalance Cost Pass-Through (“ICPT”) mechanism will continue to be implemented for the period of 1 July until 31 December 2022.

The decision will address the significant increase in generation costs due to the higher fuel prices used for the supply of electricity during the period of 1 January to 30 June 2022.

TNB also wishes to inform that the impact of the ICPT implementation is neutral on TNB and will not have any effect on its business operations and financial position.

This announcement is dated 24 June 2022.

 






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