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Tenaga Nasional Bhd (TNB) got the tariff hike it was asking for but not the quantum, and the company is now looking at negotiations with independent power producers (IPPs) to cap its capacity payments as a further boost to the utility company's cashflow and profit.
Electricity tariff in the peninsula will go up by 12% from June 1.
Independent power producers (IPPs) may face uncertain prospects as a result of negotiations leading to accords supplementary to their present power purchase agreements (PPAs).
I>StarBiz/Ispeaks to officials of IPPs for their views on possible supplementary agreements with TNB and takes a look at the set-up of IPPs in the country.
Lending a historical perspective to the issue of IPPs is former TNB executive chairman Tan Sri Ani Arope, who headed the national utility from 1990 to 1996. It was during his tenure that the first generation IPPs were created.
Tenaga Nasional Bhd will have to give rebates to consumers who suffer losses due to power failure.
Tun Dr Mahathir Mohamad continues to cause ripples with his comments and accusations about the Abdullah administration. Is there a limit to how far he will go? JOCELINE TAN reports.
Despite the current high-cost environment, Petroliam Nasional Bhd (Petronas) will not defer ongoing projects in Malaysia and overseas. The oil group will also maintain its current oil and gas production.
The Government wants negotiations between Tenaga Nasional Bhd (TNB) and independent power producers (IPPs) for supplementary agreements on their present power purchase agreements (PPAs) to be finalised by late August.
Malaysian companies' mergers and acquisitions (MAs) overseas are expected to increase further as their appetite for new markets, resources and networks is still strong.