About SEDA Policies Net Metering Feed-in Tariff (FiT) Statistics & Monitoring EE Download & Media Directory Events & Trainings FAQ
SEDA: New Business Opportunities as Solar PV Investors under the Net Energy Metering Scheme (BERNAMA)   14/02/2019
Appointment of new CEO of SEDA Malaysia   10/01/2019
Dr Sanjayan dilantik Ketua Eksekutif SEDA yang baharu   10/01/2019
SEDA Appoints New CEO   10/01/2019
SEDA appoints Sanjayan Velautham as CEO   10/01/2019
SEDA appoints Sanjayan Velautham as new CEO   10/01/2019
Four IPP contracts axed amid spending cuts   13/07/2018
Four IPP deals scrapped, more under review   13/07/2018

Home  »  Others News

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 new 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 Pakatan Harapan government is reviewing other IPP contracts as well.

“For certain reasons, the previous government (under Barisan Nasional) had approved a lot of IPP contracts through direct negotiation (or) direct award to build up the country's 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,” she said in her keynote address at a town hall session with the renewable energy industry here today.

She did not identify the affected IPP projects nor reveal the value of the awards.

Looking ahead, Yeo said her ministry will only go through open tender for future projects.

“So, do not be disappointed if you cannot arrange a one-to-one appointment with the ministry (because) you are still at a level playing field when it comes to anything that we open for tender, and only open tender in the ministry,” she said.

Link : The Edge Markets


Copyright © 2019 SEDA Malaysia. All Rights Reserved.
Terms and Conditions of Use Links Enquiry Contact Us FAQs Sitemap