Lighting Tenega's path: Malaysia grapples with an untenable power market

Article Abstract:

Malaysia's electric utility Tenega National has seen its share price fall from 20 ringgit in 1994 to under nine ringgit in 1996. Much of the company's problems lie with the massive, non-negotiable contracts it was forced to accept with independent power producers following a power failure in 1992. These contracts mean that Tenega has to pay $1 billion (2.5 billion ringgit) each year to the producers regardless of whether the power is needed. To address the problem, the Malaysian government may bar the power producers from increasing capacity to regulate their profits.

Electric Utilities, Management, Finance, Tenaga Nasional Bhd.

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Lights out: power failure embarrasses Malaysian government

Article Abstract:

A nine-hour blackout in Malaysia has resulted in calls for the reorganization of Tenaga Nasional, the national power utility that is 70% owned by the government. Foreign investors already committed to Malaysia will not be deterred in all likelihood, but the government believes the power outage threatens its claims that Malaysia is technologically advanced. Tenaga has faced declining profits since 1992 when another blackout, lasting 48 hours, caused the government to license five private power generators.

Electric Utilities, National, Malaysia, Power failure, Power failures, National electric utilities

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