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Sentiments are positive all round on the Government's decision to discontinue its windfall profit levy on independent power producers (IPPs).
Not all players in the country's power sector seem to be 'sharing the burden'' of higher fuel costs. Tenaga Nasional Bhd (TNB) is left to fight its own battle to sustain its operations while making hefty capacity payments to the independent power producers (IPPs).
A revision in the newly imposed crude palm oil (CPO) windfall tax on plantation companies is inevitable, especially with the sharp correction in CPO prices on speculation that crude oil is likely to trend below US$100 per barrel for the rest of this year.
Tenaga Nasional Bhd (TNB) hopes that the re-negotiation of power purchasing agreements (PPAs) can be concluded by June, president and chief executive officer Datuk Seri Che Khalib Mohamad Noh said yesterday.