Water concessionaires reject S’gor govt’s offer

 Accountability, Malaysian finance/business  9 Responses »
Feb 212009
 

With the federal National Water Services Commission (Span) intervening and with the Malaysian Anti-Corruption Commission targeting Selangor MB Khalid Ibrahim, is it any surprise then that the private water concessionaires have rejected the Selangor government’s offer for the takeover of water assets? The interventions of these two federal-level commissions came just before the expiry of the Selangor government’s 20 Feb deadline for the offer to be accepted by the water concessionaires. Abbas and Splash have now turned down the offer.  Puncak Niaga too. From the point of view of these concessionaires, why accept the Selangor government’s offer when they know that its position has been weakened by the actions of federal bodies – and when they know there could be a more attractive offer elsewhere?

IPP team leader brandishes gun at talks with Sabah TNB

 Accountability, Energy resources, Malaysian finance/business  24 Responses »
Feb 212009
 

Big money is at stake in negotiations between national electricy corporation TNB and private electricity producers (IPPs). The stakes can get really high. Check out what happened in Sabah during negotiations between TNB subsidiary Sabah Electricity Sdn Bhd (SESB) and an IPP said to be Sabah-based. This report from the NST: Present were 14 people, including TNB officers, representatives from the IPP and the TNB subsidiary, as well as lawyers and an official from the Energy, Water and Communications Ministry. The discussion was to thrash out a deal for TNB to purchase power from the IPP, which has a 100MW capacity.

Sarawak timber firms blamed for mass fish deaths

 Accountability, Development issues, Environment  6 Responses »
Feb 212009
 
Sarawak timber firms blamed for mass fish deaths

Dead fish floating in a river Photos by Brimas Fish being sold in a market in Miri Once again, another wave of mysterious fish deaths in Sarawak – around Bakun, Mukah, Kapit, Marudi and in the Baram River near Miri. The worst hit is reportedly the Balui River around the jinxed Bakun Dam. In Baram, the affected fish species include ikan baung, ikan burih, ikan tapah and ikan padi as well as various types of prawn. Sarawak NGO Brimas observed that “most of the fish seemed weak, tired and have difficulty breathing. As a result, the fish surfaced for air but after some time suffocated to death. Also, the fish appeared blind.” Brimas found that the gills of the fishes were not clogged with mud or blocked by silt.  No mud was found within the stomach or intestines of the dead fish, but the insides seemed watery.  The river was [Read more]

Tenaga goes downhill – and it wants to take over Bakun

 Accountability, Development issues, Energy resources, Environment, M'sian politics, Malaysian finance/business  14 Responses »
Feb 202009
 
Tenaga goes downhill - and it wants to take over Bakun

Tenaga has posted a loss before tax of RM0.8 billion for its first quarter ended 30 November 2008 compared to a profit before tax of RM1.6 billion for the same period in 2007. The amazing thing is that it made a forex translation loss of RM1.4 billion in the first quarter.  That’s right, RM1.4 billion in one quarter. And now it wants to take over the jinxed and problem-plagued Bakun Dam from Sarawak Hidro. Good luck, Tenaga – you will need it.

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