TNB’s Lekir Bulk Terminal to challenge coastal fee and charges demand

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PETALING JAYA: Tenaga Nasional Bhd’s (TNB) indirect unit Lekir Bulk Terminal Sdn Bhd (LBTSB) has applied for a judicial review of the Perak local government agencies demand for it to pay an unspecified amount of coastal fee and charges or face having its jetty operation license revoked.

The review is against the demands made by Majlis Pengurusan Pesisir Pantai Perak (MPPPP), MPPPP’s director, Perak state government, Majlis Mesyuarat Kerajaan Perak Darul Ridzuan and Perbadanan Kemajuan Negeri Perak.

TNB told the stock exchange, the move is in relation to a direction dated Nov 13, 2017 that was issued by MPPPP to LBTSB, which compels it to, among others, to settle an unspecified amount of coastal fee and charges.

Failure to comply with the direction, TNB said will lead LBTSB to having its licence to operate its jetty revoked, which may result in LBTSB having to cease its operations in the said terminal.

LBTSB, through the judicial review, is seeking order from the court to quash MPPPP’s decision in claiming for the payment of the fee and charges and a prohibitory and/or injunctive relief against the enforcement of the said decision.

“TNB will provide further updates accordingly as and when there is any material development in the judicial review proceedings,” it said.

TNB’s share price closed up six sen to RM15.46, with some 23.4 million shares changing hands.


Read the original story on: TheSunDaily.My