Kuala Lumpur to scrap energy deals as it moves to cut tariffs

Some segments of the power sector, such as transmission and distribution, are fully controlled by state utility firms like Tenaga Nasional in Peninsular Malaysia.
Some segments of the power sector, such as transmission and distribution, are fully controlled by state utility firms like Tenaga Nasional in Peninsular Malaysia.PHOTO: BLOOMBERG
Energy, Technology, Science, Climate Change and Environment Minister Ms Yeo Bee Yin explained that if excessive and non-transparent energy generation deals are not scrapped, the country's supply would hit a whopping 46 per cent more than demand - nea
Energy, Technology, Science, Climate Change and Environment Minister Ms Yeo Bee Yin explained that if excessive and non-transparent energy generation deals are not scrapped, the country's supply would hit a whopping 46 per cent more than demand - nearly double what she considers a safe reserve margin.ST PHOTO: TRINNA LEONG

Minister reviewing power producer contracts in bid to lower energy reserve margin

Putrajaya is trying to fulfil an election pledge to cut electricity prices by slamming the brakes on what the Pakatan Harapan (PH) government deems excessive and non-transparent energy generation deals worth billions handed out by the Najib Razak administration.

Ms Yeo Bee Yin, the Energy, Technology, Science, Climate Change and Environment Minister, told The Straits Times that if such contracts awarded without open tenders had not been scrapped, the country's supply would hit a whopping 46 per cent more than demand, nearly double what she considers a safe reserve margin.

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A version of this article appeared in the print edition of The Straits Times on July 23, 2018, with the headline 'KL to scrap energy deals as it moves to cut tariffs'. Print Edition | Subscribe