Home > News > Nation
Saturday May 17, 2014 MYT 12:00:00 AM
Saturday May 17, 2014 MYT 8:10:46 AM
Electrifying session: Najib shaking hands with TNB employees at TNB’s multipurpose sports complex in Kuala Lumpur.
KUALA LUMPUR: The rise in electricity tariffs early this year was necessary to prevent Tenaga Nasional Bhd (TNB) from becoming subsidy dependent on the Government, Prime Minister Datuk Seri Najib Razak said.
“If the Government did not increase the electricity tariffs, we would end up using a huge chunk of the public’s money to subsidise it, making the Government unable to channel the money to other beneficial projects,” he said during his speech at TNB’s multipurpose sports complex here yesterday.
Noting that 85% of the tariff cost was passed to the people, Najib said the decision, although tough, was made in their best interest.
It was reported that the Government had in January revised the electricity tariff in peninsular Malaysia by 14.89% and Sabah by 16.9%.
“No one likes any increase in prices of utilities and criticism of that has been borne by the Government.
“However if the move had not been made, TNB would not become the reliable organisation it is today,” Najib said.
He said it was fundamental that TNB continued to ensure uninterrupted electricity supply and provide competitive prices to boost investors’ confidence.
“TNB’s role is important here to ensure that it becomes not only a regional player but a global champion as well. This is done by taking care of the workers’ welfare and by executing the 1TNB transformation plan,” he said.
During the event, Najib, along with Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili, his deputy Datuk Seri Mahadzir Khalid, TNB chairman Tan Sri Leo Moggie and TNB chief executive officer Datuk Seri Azman Mohd launched the 1TNB’s transformation plan.
The transformation plan which began in September last year aims to expand TNB’s services to the international market.
Tags / Keywords:
Government, TNB, Najib Tun Razak
Visa centres in Nanning and Xi’an to woo back Chinese tourists
China’s Xi gives gift for Najib’s daughter
Perak Corp gets nod to sell Integrax stake to TNB
Remember police force’s sacrifice, says Najib
Perak Corp says unable to amend EGM resolution
Housemen do not complete training stint for various reasons
Juvenile crime among school dropouts on the rise
Azmin: PKR to study other avenues to free Anwar
Nestlé rewards consumers with biggest promotion ever
The great South Australian adventure
Living away from Malaysia can trigger a lot of different longings
Star2 Monthly Challenge: Top tips for hiking
Coentrao strike seals Portugal win over Serbia
Battlefield Hardline: Wage war on two fronts
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)