THE country had adopted a model of participation from independent power producers (IPPs) from the time Tenaga Nasional Bhd
prepared for its initial public offering in the early 1990s.
On hindsight now, that does not appear to be a model of merit. The shocking revelation of TNB CEO Datuk Seri Che Khalib Mohamad Noh last week that the company will have to pay RM1bil a year to the Jimah IPP for electricity it does not need raises the question of the role of IPPs.
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