Termination of four IPP projects could save RM1.26bil in electricity tariffs, says Minister

KUALA LUMPUR: The government will potentially save RM1.26bil in electricity tariffs following the cancellation of four independent power producers (IPP) projects in July, says Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin (pic).

The four IPP projects, she said, are Malakoff Corporation Bhd and Tenaga Nasional Bhd's (TNB) 700 MW Gas Power Plant in Kapar, Selangor; Aman Majestic Sdn Bhd and TNB Gas Power Plant 1,400 MW Gas Power Plant in Paka, Terengganu; Sabah Development Energy Sdn Bhd and SM Hydro Energy Sdn Bhd 300 MW Gas Power Plant in Sandakan Sabah; and Edra Power Holdings Sdn Bhd 400 MW solar Power project.