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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