KOTA KINABALU: Sabah is expected to gradually retake the ailing Sabah Electricity Sdn Bhd (SESB) early next year.
Chief Minister Datuk Seri Mohd Shafie Apdal (pic) said he met with Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin here on Friday (Dec 13) to discuss the matter.
“Our meeting was on the handing back of SESB from Tenaga Nasional Bhd (TNB) to the state government, and we target early 2020 to start seeing this through, ” he said.
He said the federal and state cabinets had agreed on the return of electricity and power rights, but there were still details on the transition and other matters to be finalised.
Shafie said the move was an effort to bring more investors to Sabah and increase income for the country through related investments and developments.
Yeo said the due diligence report for this takeover was almost complete and hoped the report could be ready by next year.
“Everything we do in preparing for this transition is for the benefit of Sabah.
“We want things to be done in a proper manner, ” she said after the meeting.
In 1984, the state government under Tan Sri Mohd Harris Salleh handed over the Sabah Electricity Board to the federal government in an effort to improve power generation in the state.
The federal government later asked TNB to take over the utility company's operations.
Despite high capital injections by the federal government, SESB continued to suffer losses and public complaints.