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Jun 252011
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.
I walked into a petrol station along a busy road in Penang last night and engaged in some small talk with the cashier. I asked him what kind of impact the petrol price hike has had on his collection.
“In ringgit terms, it has gone up,” he replied. “But in terms of litres sold, there has been a drop.”
Hmm, so there has been a drop in consumption, at least at this station, I thought to myself.
