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Tenaga Nasional Bhd (TNB) has sent a letter to independent power producers (IPPs), inviting them for a fresh round of talks in the wake of recent developments related to rising costs and the IPPs' unwillingness to pay windfall taxes.
KUALA LUMPUR: Tenaga Nasional Bhd has signed supplementary power purchase and new power purchase agreements with three independent power producers (IPPs) which will see reduced rates for power from them effective from March 1.
KUALA LUMPUR: Transparency International-Malaysia wants the government to renegotiate the power purchase agreements (PPAs) with the independent power producers (IPPs).
KUALA LUMPUR: The Government will consider issuing further independent power producers (IPP) agreements after taking into account the development considerations of the country, said the Energy, Green Technology and Water Minister Datuk Seri Maximus Ongkili.
There may be an impending renegotiation of the power purchase agreements between the five first-generation independent power producers and the Government. This would be the second round of talks between the parties after the first failed earlier in the year. Association of Independent Power Producers (Penjanabebas) president Dr Philip Tan responds to i>StarBiz/i>'s questions.
The Association of Independent Power Producers Malaysia (Penjanabebas) says a sustainable outcome in renegotiations of power purchase agreements (PPAs) between the five gas-fired first-generation independent power producers (IPPs) and the Government is desirable.
In the mid-1990s, there were only 'big' boys in electricity generation such as YTL Corp, Genting Sanyen and Malakoff. They were popularly known as 'Independent Power producers' or IPPs and were looked upon with envy as it was alleged that they were making big bucks because of relatively high rates they received from TNB. Fast forward 15 years. Now you and I can also be an IPP (the term 'clean and sustainable electricity producer' is preferred) - albeit a very much smaller one - but with a difference.
PETALING JAYA: Local independent power producers (IPPs) are expected to raise an additional RM13.3bil in debt to finance their upcoming plants, according to RAM Ratings.