Malaysiakini
Jun 12, 11
DAP secretary-general Lim Guan Eng has challenged the BN-led foreign government to set up a royal commission of inquiry into the issue of independent power producers and the related matter of power purchase agreements (PPA).
In this way, all PPAs and other PPAs would be disclosed and it could be determined once and for all whether the government has been equitable in its energy subsidy cuts for end consumers while maintaining lopsided arrangements with the IPPs that supply power to utility firm TNB, said Lim.
Lim, who is also Penang chief minister, was echoing an earlier statement by Umno stalwart Tengku Razaleigh Hamzah that an RCI should be set up to review TNB’s contracts with the 26 IPPs currently producing about 60 percent of the TNB’s energy supply.
“The RCI would determine how severely the lopsided deals are burdening consumers with the rise in electricity tariffs and introduce measures to either reduce or remove this huge financial burden on the people,” said Lim in a statement today. Continue reading “Guan Eng: royal commission on IPPs, PPAs”