No impact: Most analysts say the cancellations are neutral and have no financial impact on TNB and Malakoff as the projects were only at the planning stages with no agreements entered into as yet.
THIS is turning out to be an interesting time for the power sector in the country following the cancellation of four independent power producer (IPP) projects by the government.
The government’s next course of action will be closely watched by investors and the industry, especially projects that have yet to be finalised such as 1,000-1,200MW combined-cycle power plant by Tadmax Resources Bhd and another power plant in Kedah.
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