has estimated a recovery of about RM7bil from imbalance cost pass-through in the first half of the 2024 financial year, based on current fuel price trends.
TNB president and chief executive officer Datuk Baharin Din said that the development significantly enhances TNB’s working capital, boosting its cash flow and improving gearing levels in 2023. Improvement in ICPT receivables is underscored by the successful recovery of RM10.4bil in ICPT costs for the period of January to June 2023, TNB said.
“Moreover, the company is expected to recover RM4.7bil of ICPT costs from the Government in the second half of the year,” TNB said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: