【TENAGA 5347 交流专区】国家能源

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TENAGA NASIONAL BHD

EX-date	27 Mar 2019
Entitlement date	29 Mar 2019
Entitlement time	04:00 PM
Entitlement subject	Final Dividend
Entitlement description	Final single-tier dividend of 23.0 sen per ordinary share for the Financial Year ended 31 December 2018
Period of interest payment	to
Financial Year End	31 Dec 2018
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	Boardroom Share Registrars Sdn. Bhd.(Formerly known as Symphony Share Registrars Sdn. Bhd.)Level 6, Symphony HousePusat Dagangan Dana 1Jalan PJU 1A/4647301 Petaling JayaSelangor Darul EhsanMalaysiaTel.: 603-7849 0777Fax: 603-7841 8151/8152
Payment date	11 Apr 2019
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	29 Mar 2019
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.23

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Date of change	31 Mar 2019
Name	DATUK SERI IR. AZMAN BIN MOHD
Age	61
Gender	Male
Nationality	Malaysia
Designation	Chief Executive Officer
Directorate	Executive
Type of change	Resignation
Reason	Y.Bhg. Datuk Seri Ir. Azman bin Mohd will cease to be the President/Chief Executive Officer and Non-Independent Executive Director of TNB with effect from 31 March 2019.

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Date of change	02 Apr 2019
Name	ENCIK AMIR HAMZAH BIN AZIZAN
Age	51
Gender	Male
Nationality	Malaysia
Designation	Chief Executive Officer
Directorate	Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Degree	Bachelor of Science Degree in Management (Majored in Finance & Economics)	Syracuse University, New York, United States of America
2	Others	Stanford Executive Programme	Stanford University, Stanford, United States of America

Working experience and occupation

-  Group Chief Executive Officer, Themed Attractions Resorts & Hotels Sdn. Bhd. (2017 - Present)-  Managing Director, Icon Offshore Berhad (2016 - 2017)-  Vice President (Lubricants Business), Petroliam Nasional Berhad (2013 - 2016) -  Group Managing Director/Chief Executive Officer, Petronas Lubricants Int. Sdn. Bhd. (2012 - 2016)-  Vice President (Downstream Marketing), Petroliam Nasional Berhad (2011 - 2013) -  Managing Director & Chief Executive Officer, Petronas Dagangan Berhad (2010 - 2011)-  President & Chief Executive Officer, MISC Berhad (2009 - 2010)-  President & Chief Executive Officer, AET Tankers Holding Sdn. Bhd. (2005 - 2008)-  Regional Business Director, MISC Berhad (2004 - 2005)-  General Manager, Corporate Planning, MISC Berhad (2000 - 2004)-  Senior Treasury Advisor, Shell International Ltd. (1997 - 2000)-  Manager, Planning & Support, Sarawak Shell Bhd. (1996 - 1997)-  Performance Improvement Advisor, Sarawak Shell Bhd. (1996)-  Head of Financial Services, Sarawak Shell Bhd. (1995 - 1996)-  Corporate Finance Advisor, Shell Malaysia Ltd. (1993 - 1995)-  Marketing Credit Accountant, Shell Singapore Petroleum Company (Pte) Ltd. (1992 - 1993)

Directorships in public companies and listed issuers (if any)

1. UEM Edgenta Berhad

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2019	31 Mar 2018	31 Mar 2019	31 Mar 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	13,244,800	12,274,000	13,244,800	12,274,000
2	Profit/(loss) before tax	2,073,600	2,415,400	2,073,600	2,415,400
3	Profit/(loss) for the period	1,521,200	2,116,800	1,521,200	2,116,800
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,556,800	2,119,700	1,556,800	2,119,700
5	Basic earnings/(loss) per share (Subunit)	27.38	37.41	27.38	37.41
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	10.1455		10.1704

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Tenaga垄断地位被抢,
原来玄机就在axiata！
第一：为什么政府切断tenaga的垄断？
第二：tenaga的操作，玄机就在axiata

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Tenaga失去垄断不代表手断
上个星期的直播，我们提到
第一: 股价暴跌，当天已反映了市场的消息
第二: Tenaga ？19%的营业额受到影响
第三: 股价仍然是被被低估的股票
今天会分享，
第一: 股价在下跌时，已经开始有人大量买入
第二: 未确定性需多加关注

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Type	Announcement
Subject	OTHERS
Description	IMBALANCE COST PASS-THROUGH FOR JULY - DECEMBER 2019
Tenaga Nasional Berhad (“TNB”) wishes to inform that the Government of Malaysia (“Government”) has approved via a letter from Suruhanjaya Tenaga (“ST”) dated 28 June 2019, the continued implementation of Imbalance Cost Pass-Through (“ICPT”) mechanism for the period of 1 July until 31 December 2019. For the period of 1 January until 30 June 2019, the additional generation cost or imbalance cost is RM1,592 million due to higher fuel and generation cost. This is mainly as result of the increase in average coal price to USD99.235/metric tonne, as compared to the forecasted coal price set in the base tariff for Regulatory Period 2 (“RP2”) from 2018 to 2020, which is at USD75/metric tonne. Higher electricity demand has also resulted in the increase in the fuel and generation cost for this period. To cushion the impact of the additional fuel and generation cost of RM1,592 million for this period, the Government has approved the following: a. The use of Kumpulan Wang Industri Elektrik (“KWIE”) amounting to RM107 million; b. Revenue adjustment of TNB in accordance with the Incentive Based Regulation mechanism amounting to RM336.7 million, which was agreed during the base tariff determination in RP2 under the Incentive Based Regulation framework. Therefore, the remaining imbalance cost to be passed-through via the ICPT mechanism is RM1,148 million. The ICPT implementation for period of 1 July 2019 until 31 December 2019 for full recovery of the remaining imbalance cost of RM1,148 million are as follows: i.   The average base tariff remain unchanged at 39.45 sen/kWh. ii.  Domestic Customers* – not affected by the ICPT surcharge No ICPT surcharge will be applied to all domestic customers. iii. Non-Domestic Customers Current ICPT surcharge of 2.55 sen/kWh will continue to be maintained for period of 1 July 2019 until 31 December 2019 for all non-domestic customers. The above has also reflected the Cabinet’s decision on 3 May 2017 allowing the adjustment of the regulated piped-gas price for the power sector with an automatic increase of RM1.50/mmbtu every six (6) months until reaching reference market price for a period of three (3) years, starting from 2018 until 2020. Electricity customers will now have the ability to estimate future ICPT impact using the ICPT Calculator available at https://myelectricitybill.my.   Please refer to ST’s website (https://www.st.gov.my) for further details on the ICPT implementation. The ICPT is a mechanism approved by the Government and implemented by ST since 1 January 2014 as part of a wider regulatory reform called the Incentive Based Regulation. ICPT mechanism allows TNB to reflect changes in fuel and generation costs in consumer’s electricity tariff every six (6) months. This mechanism is implemented according to Section 26 of Electricity Supply Act 1990 [Act 447]. TNB also wishes to inform that the impact of ICPT implementation is neutral on TNB and will not have any effect to its business operations and financial position. * domestic customers refer to residential customers. This announcement is dated 28 June 2019.

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139.8亿内部重组-国能分拆发电与零售业务
http://www.enanyang.my/news/20190730/139-8亿内部重组-br国能分拆发电与零售业务/

Type	Announcement
Subject	OTHERS
Description	PROPOSED INTERNAL REORGANISATION OF TENAGA NASIONAL BERHAD AND ITS SUBSIDIARIES (PROPOSED INTERNAL REORGANISATION)
On behalf of the Board of Directors of Tenaga Nasional Berhad (“TNB”) (“Board”), Maybank Investment Bank Berhad wishes to announce that today the Board has approved the Proposed Internal Reorganisation which involves the transfer by TNB of its domestic power generation and electricity retail businesses to two (2) new wholly-owned subsidiaries of TNB which will be incorporated. The Proposed Internal Reorganisation is expected to improve the efficiency, agility and performance of the business segments of the TNB group of companies (“TNB Group” or “Group”) and promote ownership, entrepreneurship and innovation within the Group. The Proposed Internal Reorganisation is in line with TNB’s strategic transformation plan, Reimagining TNB, and is envisaged to improve the TNB Group’s performance and returns to the shareholders of TNB in the medium to long-term. Please refer to the attachment for details of the Proposed Internal Reorganisation. This Announcement is dated 29 July 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6238065

Attachments TNB Announcement_290719.pdf

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不惧市场开放-国能电力输配垄断难撼动
http://www.enanyang.my/news/20190731/不惧市场开放-br国能电力输配垄断难撼动/


短期仍牢控3大业务·国能盈利料持稳
https://www.sinchew.com.my/content/content_2092971.html

（吉隆坡31日讯）国家能源（TENAGA,5347,主板公用事业组）业务分拆为发电与电力销售两大业务，尽管零售业务有受瓜分而面临日益竞争的风险，占盈利70%的电力输送和配电（T&D）料获保留而稳住大局。

零售业务或被瓜分

丰隆研究指出，短期而言国能原有3大业务仍在牢控中，因此不对盈利形成巨变。

国家能源周三股价受激励，最高涨42仙至14令吉零4仙，闭市收窄涨幅，涨20仙至13令吉82仙，全场第二上涨股。

国家能源公布业务分拆，主要是为即将公布的电力改革蓝图做好准备，整个重组行动预期2020年第三季完成；能源部长杨美盈料于下月在大马电力供应业2.0（MESI）的电供业改革蓝图中，公布改革方案。

肯纳格研究指出，零售业务可能被新公司瓜分，因而须准备改善效率提升客户鸠收率（目前每千瓦低于1仙）；另外也涉屋顶装太阳能板业务，多元设施电单串连与电单、到府光纤宽频乃至第三方产品销售等。

T&D业务料保持原样

基于零售业务贡献低于集团总盈利的3%，因而肯纳格认为，有关风险可管理，但等候零售业务更明朗化，维持“反映大市”评级。

艾芬黄氏研究认为，电力改革方案对国家能源冲击甚微，预期占营运盈利70%的电力输送与配电业务（T&D）保持原样。“从国家能源的重组细节看来，沿用多年的奖掖式管理架构（IBR）和成本转嫁（ICPT）机制料获保留，政府料作最后定案。”

丰隆说，只要这机制不变，国家能源盈利与现金流将持稳。

艾芬指出，这项业务重组让几个业务独立营运，各业务间没有互相津贴现象，这也对政府维持国家能源的电力输送与配电业务更具说服力，并保持奖掖式管理架构（IBR）和成本转嫁（ICPT）机制。

MIDF研究说，输送与配电业务将保持自然垄断（即便在先进、开放电力市场的新加坡亦如此），这主要是避免昂贵的基建开销有重复现象。

电力改革需循序渐进

达证券指出，电力改革进程需循序渐进，新加坡电力零售耗上17年才全面自由化，就电力输送与配电业务进一步开放，基于此业务门槛高，预期任何改变要在2021年的第二阶段监管期（RP2）之后。

达证券说，RP2挹注188亿和182亿令吉，为资本开销和营运开销，由单一实体执掌电力输送与配电业务供应更为可靠。

电力零售方面，即便获取电力成本相同，对新进者来说，要面临如国家能源主导多年，且有强劲资产表现的竞争者严峻。

艾芬分析，倘若新进零售公司愿意削价竞争，提供低于国能的7.3%回酬，这将为开放市场制造更竞争场景。

发电方面，国家能源除参与传统发电，在再生能源也将参与大型太阳能（LSS）项目，并透过维修护理臂膀REMACO公司扩展海外营运与维护业务。

派息政策不变

分析员不排除零售与发电业务将分拆上市筹集新资金，丰隆研究认为分拆业务使各区块业务更具效益和竞争力，艾芬表示国家能源30至60%派息政策不变。

根据国家能源2018财政年账面值，零售资产18亿4000万、集团总账面值590亿5000万令吉，发电业务占121亿4000万令吉。



作者 ： 洪建文
文章来源 ： 星洲日报 2019-08-01

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Type	Announcement
Subject	OTHERS
Description	TENAGA NASIONAL BERHAD ("TNB" OR "COMPANY")PROPOSED INTERNAL REORGANISATION BY WAY OF A MEMBERS' SCHEME OF ARRANGEMENT UNDER SECTION 366 OF THE COMPANIES ACT 2016 ("ACT") ("PROPOSED INTERNAL REORGANISATION")INCORPORATION OF WHOLLY-OWNED SUBSIDIARIES
1.  INTRODUCTION We refer to the Company’s announcement dated 29 July 2019 in relation to the Proposed Internal Reorganisation and wish to announce that the Company has incorporated two (2) wholly-owned subsidiaries, TNB Power Generation Sdn. Bhd. and TNB Retail Sdn. Bhd. under the Companies Act 2016 (“Act”) on 1 August 2019 (hereinafter referred to as “Incorporation”). The purpose of the Incorporation is to facilitate the Proposed Internal Reorganisation. 2.  BACKGROUND INFORMATION ON THE NEW WHOLLY-OWNED SUBSIDIARIES OF TNB      2.1  Information on  TNB Power Generation Sdn. Bhd. (“GenCo”) TNB Power Generation Sdn. Bhd. is incorporated under the Act as a private limited company on 1 August 2019. As at 1 August 2019, GenCo has an issued share capital of RM2.00 comprising two (2) ordinary shares, and is a wholly-owned subsidiary of TNB. As at 1 August 2019, the directors of GenCo are Nazmi bin Othman, Datuk Fazlur Rahman bin Zainuddin and Dato’ Ir. Sharuddin bin Mohd Simin. GenCo’s principal activities are the ownership, management and operation of the domestic power plants, renewable energy generation business, power plant operation and maintenance business, and dry bulk terminal operations business.      2.2  Information on TNB Retail Sdn. Bhd. (“RetailCo”) TNB Retail Sdn. Bhd. is incorporated under the Act as a private limited company on 1 August 2019. As at 1 August 2019, RetailCo has an issued share capital of RM2.00 comprising two (2) ordinary shares, and is a wholly-owned subsidiary of TNB. As at 1 August 2019, the directors of RetailCo are Nazmi bin Othman, Datuk Fazlur Rahman bin Zainuddin and Dato’ Ir. Sharuddin bin Mohd Simin. RetailCo’s principal activities are the sale of electricity to customers, collection of revenues from customers, the provision of customer services, operation of call management centres, green energy solution services and beyond the meter solution services. 3.  EFFECTS OF THE INCORPORATION The Incorporation is not expected to have a material impact on the net assets and gearing of TNB and its subsidiaries (“Group”) as well as the earnings of the Group and earnings per ordinary share in TNB for the financial year ending 31 December 2019. The Incorporation is not expected to have any effect on the share capital and shareholdings of the substantial shareholders of TNB. 4.  INTERESTS OF THE DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM None of the Directors of the Company, major shareholders of the Company and/or persons connected with them has any interest, direct and/or indirect, in the Incorporation. 5.  DIRECTORS’ STATEMENT The Board, having considered all aspects of the Incorporation, is of the opinion that the Incorporation is in the best interest of the Company. 6.  APPROVALS REQUIRED The Incorporation does not require the approval of the shareholders of the Company. This announcement is dated 1 August 2019.

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国能jimah-east发电厂投产
https://www.enanyang.my/news/20190823/国能jimah-east发电厂投产/

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财报新规•监管调整‧国能次季赚11.2亿
https://www.sinchew.com.my/content/content_2108749.html

（吉隆坡30日讯）由于采用新财报准则16（MFRS16）及监管调整，国家能源（TENAGA,5347,主板公用事业组）截至2019年6月30日第二季净利下跌9.79%至11亿1620万令吉，前期为12亿3730万令吉。

上半年净利滑落20.38%至26亿7300万令吉，前期共33亿5700万令吉。

第二季营业额增加3.03%至128亿7600万令吉，上半年营收提高5.45%至261亿2080万令吉。

派息30仙

该公司董事部建议派发每股30仙股息，除权日期稍后宣布。

国能在文告中表示，次季盈利下滑主要由于监管调整，从本财政年起有关调整每月入账，同时MFRS16带来1亿1220万令吉冲击，包括财务成本则为7亿零950万令吉。

奖掖基础监管（IBR）框架下的监管业务之回酬（主要为输电和配电业务）共16亿9380万令吉。

国能指出，上半年营收增加是由于电力销售提高5.1%至6万1882GWh，和大马次两季经济成长4.5%及4.9%一致，以及酷热天气影响。西马在4月18日录得来历来最高的电力需求共1万8566兆瓦。

上半年净利下滑，主要由于采用MFRS16，以及其它监管条例调整共8亿1000万令吉，也进一步令集团净利降低。同时财务成本大增，因采用MFRS16以及集团的新借贷。

首6月营运开销增加6.3%，主要由于电力需求增加，令发电成本升高。

国内和国际投资组合转盈

国能包含国内和国际的投资组合转亏为盈，取得7000万令吉盈利，前期为亏损9290万令吉。

国能总裁兼首席执行员阿米尔韩占表示，国际部门在过去5季面对挑战后，如今开始看到转亏为盈的进展。

国能拥有印度发电公司GMR电力的30%股权、土耳其Gama能源30%股权和英国两家再生能源公司，Vortex太阳能50%股权及国能风电投资80%股权。

配合大马电力供应业2.0（MESi2.0）即将公布，将带来行业重组，国能在7月宣布企业重组行动以设立独立发电和零售业务，以迎战更开放的市场。

上半年资本开销54.6亿

国能在上半年的资本开销共54亿6000万令吉（2018年共118亿2000万令吉），以保养、现代化和升级其发电基建。

展望未来，大马2019年经济料保持4.3%至4.8%的出色成长，该集团预期2019财年可保持稳定表现。


文章来源 ： 星洲日报 2019-08-30

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2019	30 Jun 2018	30 Jun 2019	30 Jun 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	12,876,000	12,497,900	26,120,800	24,771,900
2	Profit/(loss) before tax	1,082,800	1,523,900	3,156,400	3,939,300
3	Profit/(loss) for the period	1,130,100	1,268,400	2,651,300	3,385,200
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,116,200	1,237,300	2,673,000	3,357,000
5	Basic earnings/(loss) per share (Subunit)	19.63	21.82	47.00	59.20
6	Proposed/Declared dividend per share (Subunit)	30.00	30.27	30.00	30.27
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	10.2865		10.1704

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电力业改革·管制利空或去除·国能有望重估
https://www.sinchew.com.my/content/content_2110561.html

（吉隆坡3日讯）国家能源（TENAGA,5347,主板公用事业组）首半年跌约20%，至31亿令吉，分析员预测前景持稳，并关注政府即将宣布的电力业改革计划，因国内业务虽受或政府推介竞争元素政策影响，但也潜在去除现有管制利空，带来重估机会。

盈利虽稳
增长受限

能源部将于9月初公布电力改革2.0（MESI2.0）政策，丰隆研究预测新政策对国家能源不会有显著冲击，料盈利可保稳定，只是增长受限。

丰隆指出，该政策将在发电与零售方面推介竞争元素，预期主要的电力传输与配电方面在监管资产基础（RAB）框架下受保护，现有发电资产在购电协议下的剩余期间受到保护。

马银行研究认为，新政策或有利该公司的前景，如果政府去除一些利空管制，有利该公司前景重估。

受净利下跌影响，国家能源股价今日走低，闭市时报13令吉76仙，跌20仙。

下半年电力需求趋缓

肯纳格研究认为首半年的强劲表现无法持续，预测下半年呈疲态；资本与营运开销下半年更多，4.4%的需求增长，纯粹是因气候因素驱动，下半年电力需求趋缓。

国能次季录4.4%电力需求增长，其中家庭、商业各录8.7%与3.6%增长，而工业需求只增长2.4%。

肯纳格认为，在奖掖式管理架构（IBR）结构下，国家能源盈利持稳，预期2018至2020年第二监管期（RP2）的法定回酬达7.3%；盈利虽稳，然而成长潜能有限。

肯纳格维持今明两财政年财测不变，管理层预期净利将常态化至50亿至54亿令吉之间。

国能次季国际营运显著改善，是意外惊喜，联营的Vortex太阳能从首季亏损600万令吉转盈8800万令吉，上半年营运盈利从2000万美元增至2500万美元。

艾芬黄氏研究早前预测这个财政年国外业务亏损，现调整预测至国际业务净赚1亿3000万令吉，2018年为净亏1亿8300万令吉。

艾芬黄氏调高国能2019至2021财政年净利3.2%至9.1%，国际营运业务向好兼低税率是主要驱动力。

股价反映基本面

不过，丰隆认为目前股价已反映其基本面。

马银行认为，发电用途最广的煤炭自次季起价格趋低，液化天然气价格则走高15至19%，预期第三季成本走低，国际的联号公司收入也有起色。

国能首半年每股派息30仙，相比前期30.3仙，大众研究指出，这个54.5%派息率比去年同期50%高。



作者 ： 张启华
文章来源 ： 星洲日报 2019-09-03

Tony-Pua

TENAGA NASIONAL BHD

EX-date	27 Sep 2019
Entitlement date	30 Sep 2019
Entitlement time	05:00 PM
Entitlement subject	Interim Dividend
Entitlement description	Interim single-tier dividend of 30.0 sen per ordinary share in respect of the Financial Year ending 31 December 2019
Period of interest payment	to
Financial Year End	31 Dec 2019
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	Boardroom Share Registrars Sdn. Bhd.(Formerly known as Symphony Share Registrars Sdn. Bhd.)Level 6, Symphony HousePusat Dagangan Dana 1Jalan PJU 1A/4647301 Petaling JayaSelangor Darul EhsanTel.: 603-7849 0777Fax: 603-7841 8151/8152
Payment date	11 Oct 2019
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers	30 Sep 2019
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.3

icy97

Type	Announcement
Subject	OTHERS
Description	Tenaga Nasional Berhad The First To Bring In Gas Under Third Party Access Arrangement
Tenaga Nasional Berhad is pleased to attach its press statement in respect of the abovementioned matter. This announcement is dated 2 October 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6299665

Attachments TNB THE FIRST TO BRING IN GAS UNDER THIRD PARTY ACCESS ARRANGEMENT.pdf

icy97

icy97 发表于 31-7-2019 07:25 AM
139.8亿内部重组-国能分拆发电与零售业务
http://www.enanyang.my/news/20190730/139-8亿内部重组-br国能分拆发电与零售业务/

http://www.bursamalaysia.com/market/listed-companies/company-announcements/623 ...

Type	Announcement
Subject	OTHERS
Description	TENAGA NASIONAL BERHAD ("TNB" OR "COMPANY")PROPOSED INTERNAL REORGANISATION BY WAY OF A MEMBERS SCHEME OF ARRANGEMENT UNDER SECTION 366 OF THE COMPANIES ACT, 2016 ("ACT") ("PROPOSED INTERNAL REORGANISATION")
(Unless otherwise defined, all abbreviations used in this Announcement have the same meaning as those defined in the Company’s announcements dated 29 July 2019 and 1 August 2019 in relation to the Proposed Internal Reorganisation.) On behalf of the Board of Directors of Tenaga Nasional Berhad (“TNB”), Maybank Investment Bank Berhad wishes to announce that TNB has on 6 November 2019 entered into the following agreements in relation to the Proposed Internal Reorganisation:- (i) a conditional GenCo Share Purchase Agreement (“GenCo SPA”) and conditional GenCo Asset Purchase Agreement (“GenCo APA”) with its wholly-owned subsidiary, TNB Power Generation Sdn. Bhd. (“TPGSB”), for the transfer of the Generation Business to TPGSB by way of a Scheme; and (ii) a conditional RetailCo Share Purchase Agreement (“RetailCo SPA”) and conditional RetailCo Asset Purchase Agreement (“RetailCo APA”) with its wholly-owned subsidiary, TNB Retail Sdn. Bhd. (“TRSB”), for the transfer of the Retail Business to TRSB by way of a Scheme. Please refer to the attachment for further details. This Announcement is dated 6 November 2019.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3000308

Attachments Announcement_061119.pdf

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2019	30 Sep 2018	30 Sep 2019	30 Sep 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	12,641,800	13,073,800	38,762,600	37,845,700
2	Profit/(loss) before tax	1,546,500	904,600	4,702,900	4,843,900
3	Profit/(loss) for the period	1,209,600	511,400	3,860,900	3,896,600
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,202,900	501,000	3,875,900	3,858,000
5	Basic earnings/(loss) per share (Subunit)	21.15	8.83	68.16	68.01
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	30.00	30.27
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	10.0904		10.1704

icy97

Type	Announcement
Subject	OTHERS
Description	NOTICES OF ADDITIONAL ASSESSMENT RECEIVED FROM INLAND REVENUE BOARD OF MALAYSIA
Tenaga Nasional Berhad on 28 November 2019 received Notices of Additional Assessment for the years of assessment 2015, 2016 and 2017 amounting to RM1,429,900,636.50, RM1,245,538,590.94 and RM1,302,446,841.28 respectively. Based on the legal advice obtained from our tax solicitors, Tenaga Nasional Berhad has good basis to contend that there is no legal and factual basis for the Inland Revenue Board to issue the said notices. Accordingly, Tenaga Nasional Berhad will be appealing against the said notices. This announcement is dated 28 November 2019.

icy97

Type	Announcement
Subject	OTHERS
Description	IMBALANCE COST PASS-THROUGH FOR JANUARY - JUNE 2020
Tenaga Nasional Berhad (“TNB”) wishes to inform that the Government of Malaysia (“Government”) has approved via a letter from Suruhanjaya Tenaga (“ST”) dated 6 December 2019, the continued implementation of Imbalance Cost Pass-Through (“ICPT”) mechanism for the period of 1 January until 30 June 2020. For this period of ICPT implementation, the Government has approved a reduction in ICPT surcharge from the current 2.55 sen/kWh to 2.00 sen/kWh for non-domestic customers. A reduction of 0.55 sen/kWh ICPT surcharge is recorded due to reduction in actual coal costs for period July to December 2019, although the actual average coal prices are still above the benchmark fuel prices set in the base tariff for Regulatory Period 2 (“RP2”) from 2018 to 2020. Higher electricity demand has also contributed to the increase in fuel and associated generation costs for this period. Details of the actual fuel prices for period July to December 2019 are as follows: (i)  Increase in the average coal price to USD77.35/metric tonne, as compared to the benchmark coal price set in the base tariff at USD75/metric tonne. (ii) Continuous increase of RM1.50/mmBTU in the regulated piped gas price from RM27.20/mmBTU in the benchmark price set in the base tariff to RM28.70/mmBTU. This is based on Cabinet’s decision on 3 May 2017, allowing the adjustment of the regulated piped gas price for the power sector with an automatic increase of RM1.50/mmBTU every six (6) months until it reaches Reference Market Price for a period of three (3) years from 2018 until 2020. The above ICPT surcharge will be implemented on the average base tariff of 39.45 sen/kWh as follows: (i) Domestic Customers* – not affected by the ICPT surcharge No surcharge will be applied to domestic customers. Total amount of RM62.95 million is utilised from Kumpulan Wang Industri Elektrik (“KWIE”) fund to cushion the ICPT surcharge for domestic customers. (ii) Non-Domestic Customers ICPT surcharge of 2.00 sen/kWh for non-domestic customers. In addition, any shortfall or excess in the ICPT will be funded or transferred to customers via KWIE fund. In line with the Incentive Based Regulation (“IBR”) framework and mechanism for base tariff determination in RP2, total revenue adjustment of TNB amounting to RM774 million will be transferred to the KWIE fund to aid in the stabilisation of electricity tariff in the future via gradual build-up of the fund. Electricity customers will now have the ability to estimate future ICPT impact using the ICPT Calculator available at www.myelectricitybill.my.   Please refer to ST’s website (http://www.st.gov.my/) for further details on the ICPT implementation. The ICPT is a mechanism approved by the Government and implemented by ST since 1 January 2014 as part of a wider regulatory reform called the IBR. ICPT mechanism allows TNB to reflect changes in fuel and generation costs in consumer’s electricity tariff every six (6) months. This mechanism is implemented according to Section 26 of Electricity Supply (Amendment) Act 2015. TNB also wishes to inform that the impact of ICPT implementation is neutral on TNB and will not have any effect to its business operations and financial position. *domestic customers refer to residential customers. This announcement is dated 6 December 2019.