IPPs alarmed over possible windfall levy

KUALA LUMPUR: Malaysia's independent power producers (IPPs), alarmed over a possible imposition of a windfall profit levy, has "strongly urged" the government to review and defer the imposition of such a levy which would have far reaching implications for the country and the IPPs

The Association of IPPs in Malaysia (Perjanabebas) had on Monday strongly urged the government to defer the "Windfall Profit Levy (Electricity) Order 2008" pending a more exhaustive economic impact assessment.