Najib: IPPs won't benefit from tariff hike

KiniTV
KiniTV
  • 9 years ago
Independent power producers (IPPs) will not benefit from yesterday's increase in electricity tariffs, Prime Minister Najib Abdul Razak says.
This follows the introduction of the Fuel Cost Pass-Through (FCPT) mechanism, under which national oil company Petronas will forgo part of its revenue to enable the power sector to produce low tariff electricity for the people, he said.

Full story: http://malaysiakini.com/news/165609

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