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Business 12 Jul 2008 | 12:00 AM

Govt needs a re-look at windfall levy for IPPs

IT is difficult at this stage to ascertain which option would be better for independent power producers (IPPs) - paying the windfall tax or renegotiating power purchase agreements (PPAs).

Business 12 Jul 2008 | 12:00 AM

Tax will reduce IPPs’ cash reserves

The 30% windfall tax on independent power producers (IPPs), effective July 1, will result in lower cash reserves following the obligations of servicing senior debt and meeting the requirements of reserve accounts.

Business 12 Jul 2008 | 12:00 AM

Windfall tax seen hitting fund raising

The recent 30% windfall tax that was imposed on independent power producers (IPPs) should be reviewed because of the wider implications it will have on capital markets.

Nation 12 Jul 2008 | 12:00 AM

400,000 smallholders to benefit from levy exemption

Plantation Industries and Commodities Minister Datuk Peter Chin welcomed the news that oil palm smallholders with plantations of 40ha and below would be exempted from paying windfall profit levy, saying an estimated 400,000 smallholders throughout the country would benefit from the exemption.

Business 11 Jul 2008 | 12:00 AM

Industries get 70% discount on gas (updated)

Industries will enjoy a 70% discount on the market price of gas beginning July 1. The discount will be gradually reduced over 11 years by 5% to 10% until it reaches market price.

Business 11 Jul 2008 | 12:00 AM

CIMB chief urges review of IPP windfall tax

CIMB group chief executive Datuk Seri Nazir Razak has urged the Government to review the 30% windfall tax that has been imposed on the independent power producers (IPPs) because of the wider impact the tax will have on the capital markets in the country.

Business 10 Jul 2008 | 12:00 AM

Windfall tax will reduce IPP’s cash flow

Affected independent power producers (IPP) will face reduced project returns and lowered debt servicing ability if the Windfall Profit Levy (Electricity) Order 2008 is implemented, says Malaysian Rating Corp Bhd (MARC).

Business 09 Jul 2008 | 12:00 AM

Renewed talks with IPPs

The Government is expected to take a carrot-or-stick approach to re-negotiate with independent power producers (IPPs) on their power purchase terms.

Letters 08 Jul 2008 | 12:00 AM

Both sides have failed the rakyat

From RAMLAN AHMAD, Kuala Lumpur

Business 08 Jul 2008 | 12:00 AM

IPPs’ RM20b bonds may be downgraded with windfall tax

The independent power producers (IPPs) face a possible downgrade of their bonds with the Windfall Profit Levy (Electricity) Order 2008, which came into effect on July 1.