PETALING JAYA: 1Malaysia Development Bhd has assured the public that independent power producer tariffs will not be increased over the next 10 years although its power assets were sold to a China-owned company.
It said that although there was a change in ownership of the power assets under Edra Global Energy Bhd to China General Nuclear Power Corporation (CGN), IPP tariffs were fixed for the duration of the purchase agreement.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
