Friday, September 30, 2011

TNB: No knowledge of break-up plan

PETALING JAYA: Tenaga Nasional Bhd (TNB) said it has no knowledge of any plan to break-up the power company into three units to reform the energy sector.

It said this in a filing with Bursa Malaysia in responding to a news article that a proposal on the break-up was being looking into.

The company said this “was never discussed with TNB and that TNB has no knowledge of this matter”.

On Wednesday, StarBiz quoted Energy, Green Technology and Water Ministry secretary-general Datuk Loo Took Gee as saying that the Government was looking into the proposal to split TNB into the three units but said the matter was “under study” and declined to elaborate further.

Source:The star

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