EC: Competitive pricing still the rule

  • Business Premium
  • Friday, 09 Sep 2016

Energy forum: Energy, Green Technology and Water Ministry secretary-general Datuk Seri Dr Zaini Ujang (right) sharing a light moment with Malakoff Bhd managing director Datuk Wira Azhar Abdul Hamid (left) and Abdul Razak at the opening ceremony of the 7th National Energy Forum.

KUALA LUMPUR: Competitive pricing is still the rule of the game when it comes to awarding new power plant projects in Malaysia.

According to the Energy Commission (EC), which has come under criticism following the award of several power plant projects without tender, while the competitive bidding process is still its preferred method of procurement to ensure the least-cost option to the system, there will be instances where projects are awarded on a direct negotiation basis if it is the Government’s decision.

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