Mindanao Daily NEWS BUSINESS . ECONOMY . CORPORATE . BANKING Your Mindanao-wide Business Newspaper
ZING
QUANTUM PENDANT
THE POWERFUL PERFORMANCE
ENHANCER
For Price, Inquiry & Demo, visit: GREATLAB Polyclinic and Drug testing Center
LIFESTYLE DISTRICT, Corrales Ext., Cagayan de Oro City Contact NOs: (088) 8502489; 09189659562; 09177929464
ASEAN’S largest energy firm eyes biz in M’danao Volume III, No. 162
By Kris M. Crismundo
M
alaysia-based Tenaga Nasional Berhad (TNB), the largest energy company in Southeast Asia, is seeking repair and maintenance service contract in the Southern Philippines. The Embassy of Malaysia Trade Office (MATRADE Manila) Trade Commissioner Nyaee Ayup stated Wednesday that TNB is now discussing with power plant operators in Mindanao to forge partnership for power plant operation and maintenance (O&M) through its
Editor : Cheng Ordoñez
wholly-owned subsidiary TNB Repair and Maintenance Sdn. Bhd. (TNBRemaco). “We’re looking at the possibility of ser vicing power plants and other related energy industries. We’re looking at opportunities of upgrading and rehabilitating power plants to increase power supply in this region,” TNB-Remaco business development and marketing Region II head Mohamad Izharudin Ahmad Wahiddin said on the other hand. He noted that the company is keen on expanding
in Mindanao because of the potential of its economic growth which will translate to increasing demand for power supply. “If the economic growth is at 5.0 percent, then the electricity demand is also growing at the same level or slightly higher. The electricity demand grows at the same level as the economy. In developing country, it must have a 30 percent additional capacity that will serve as buffer for any power interruptions,” he explained. In Malaysia alone, TNBRemaco is already 30 years in the industry catering
Thursday
story on Page B1 12 December See 11, 2014
It also expanded its serO&M to eight geothermal power plants and three hy- vices to Pakistan, Saudi droelectric power plants Arabia, and Kuwait. Meanwhile, Ayup noted with combined capacity of that securing power supply 11,586 megawatt (MW).
in Mindanao is crucial for the economic growth of the region. Citing the MIDF Amanah Investment Bank Economic Research, MATRADE noted that the power crisis was triggered by the dry season which is a threat to the power supply from hydro dams as well as to coal plants due to some defects. This is crucial for Mindanao as 50 percent of its power supply depends on hydro power plants; with 32.6 percent depending on oil-based power plants; and 10.9 percent on coal plants. (PNA)
Editorial: e-mail: mindanaodailynews@gmail.com • Advertising: e-mail: mindanaodaily.ads@gmail.com Contact: 0917-7121424, 0947-8935776