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Independent power producers (IPPs) may face uncertain prospects as a result of negotiations leading to accords supplementary to their present power purchase agreements (PPAs).
One has to understand the hike in electricity rates, inflation will worsen, there will be an increase in manufacturing costs, it is unacceptable, these are some of the comments from various sectors.
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.