KUALA LUMPUR: Energy, Water and Communications Minister Datuk Seri Dr Lim Keng Yaik said the best thing to do to correct the imbalances and disparities of the Power Purchase Agreements (PPAs) of Independent Power Producers (IPPs) with Tenaga Nasional Bhd was to have them re-negotiated.
This is not something new or strange to the electricity industry since similar action has been taken in other countries that have been successful in migrating to a more competitive electricity market, he said at the annual dinner of the Association of Independent Power Producers of Malaysia (Penjanabebas), the umbrella body for IPPs, here last night.