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Yeo Bee Yin : Malaysia decided to cancel 4 IPP contracts

Published on 12 July 2018

PUTRAJAYA (July 12): The Malaysian government has decided to cancel four independent power producer (IPP) contracts awarded by the previous administration. This is because the previous government had approved many IPP contracts through direct negotiations.

Energy, Technology, Science, Climate Change and Environment Minister Yeo Bee Yin said the current government is reviewing other IPP contracts as well.

“For certain reasons, the previous government had approved a lot of IPPs, IPP contracts, through direct negotiation, direct award to build up our capacity and users need to pay for that capacity. Because of this, the new government is actually reviewing many of these IPP contracts.

“These IPP contracts, that were directly awarded to not deserving companies, we are reviewing them, especially those that bring no cost implication to the government and we have actually decided to cancel four of them,” Yeo said.

She did not mention the name of these IPPs. Yeo said this in her keynote address at a town hall session with the renewable energy industry here today.

Link : Kl Screener

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