High coal prices are damaging the bottom lines of power generators in Malaysia, according to The Star.
Global coal prices rallied from a low of $92 per ton in April to $120/t in July.
Malaysia’s national electricity company, Tenaga Nasional, and independent power generators in Peninsular Malaysia that rely on imported coal for power generation are facing difficulties.
The Malaysian ringgit has also weakened against the dollar.
Malaysia imports coal from Indonesia, Australia, Russia and South Africa.