Death knell to Malaysia's power sector reforms


...its (TNB's) stance now means there is no cheer leader for reforms in the power sector to bring down the cost of electricity..

THE fact that even Tenaga Nasional Bhd (TNB) is proposing the planting up of a 1,000MW gas-fired power plant from the Energy Commission (EC) is another case in point supporting the view that energy reforms initiated in October 2012 are no longer in force.

Considering that the utility giant was the main proponent for reforms in the power sector that hinged on the EC conducting open tenders for awards to build new power plants, its stance now means there is no cheer leader for reforms in the power sector to bring down the cost of electricity.

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Business , Corporate News , Power , TNB , 1MDB , EC , Malakoff

   

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