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.
IPP team leader brandishes gun at talks with Sabah TNB
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:
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 described as “brownish, muddy and polluted with silt due to logging, oil palm plantations and industrial development activities.”Crucial day
Today is the crucial last day for the four private water concessionaires to respond to the Selangor government’s Letter of Offer to take over the water assets in the state in its bid to avert a 37 per cent water tariff hike.
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.
Span throws spanner into S’gor govt water takeover bid
Just when you thought the Selangor government was taking a commendably tough position in its negotiations to take over water assets from four private concessionaires ahead of a water tariff hike from April…
Now we hear that the federal National Water Services Commission (Span) is trying to bypass the Selangor government in negotiating directly with the four concessionaires. Why?
The Selangor government had given the concessionaires until 20 February to accept its Letter of Offer. But before that deadline can expire, Span has potong jalan.
Selangor Mentri Besar Khalid Ibrahim said in a statement today:
Instead of supporting the State Government’s initiative to buy back these water concessions in the interest of the rakyat with our fair and reasonable offer, (Span CEO) Dato’ Teo (Yen Hua) appears now to be pandering towards the interest of private concessionaires. We urge that he declares his interest on the matter. If any irregularity is found, we call for his resignation.
“I am starting a canopy rental business”
Canopy rental in Kuala Terengganu: RM6 million
Scores of police vehicles were on standby during the Kuala Terengganu by-election campaign
Here’s the bill for the deployment of 3,376 police personnel during the Kuala Terengganu by-election (as reported by Bernama with my comments in brackets):
- Travelling and living allowance – RM2,700,000
- Foodstuff and accommodation – RM4,500,000
- Dried food and beverages – RM65,000 (Dried food? Do they mean snacks?)
- Communication and utilities – RM50,000
- Canopy rental – RM6,000,000 (Sounds like a good business, no? Some of these canopies even had airconditioning.)
- Fuel and spare sparts – RM698,000 (Does this include helicopter fuel?)
- Raw material and others – RM310,000 (Raw materials? Huh? What raw materials?)
- Maintenance and minor repairs – RM830,000 (Doesn’t sound ‘minor’ to me! Helicopter maintenance included?)
- Total expenditure incurred by rakyat – RM15,153,000
This figure is utterly shocking in an environment of economic downturn. Is this how the BN-led government conserves money during an economic downturn? If the police alone can spend RM15 million on such a small election, what was the final bill for all government agencies during the whole by-election?
More deforestation as timber export target doubled?
Najib has launched a new National Timber Policy, which hopes to double timber exports to RM53 billion by 2020.
In line with this, the government has just given out RM30.3 million in loan instalments to eight companies under the Forest Plantation Development Programme. These include companies such as Shin Yang, which is one of the largest natural timber concessionaires in Sarawak with over a million hectares.
Interesting concept, this: public money lent to timber companies at low interest rates, no doubt.
Zambry and his exco suspended – now what?
Perak Speaker V Sivakumar springs a major surprise Photo by Amiruddin
Is it a stalemate now? Or checkmate…
Perak state assembly speaker V Sivakumar has reportedly suspended Zamby (18 months) and his six exco members (12 months) from the state assembly.
How can the state government function if the exco is barred from attending state assembly proceedings?
Privatisation failure spurs S’gor govt to take over water
Selangor is in the midst of crucial negotiations to take over the water assets of four concessionaires operating in the state.
The negotiations are critical as Selangor residents are staring at a steep water tariff hike by the end of March if the present situation persists.
Private water distribution company, Syabas, 70 per cent owned by Puncak Niaga, had last year asked for a tariff hike by January 2009. In December, the Water Minister Shaziman Abu Mansor said that according to the concession agreement, water tariffs in Selangor and Kuala Lumpur would be hiked by up to 37 per cent in January 2009.
This tariff hike was delayed to 31 March 2009 to allow time for the Selangor government to take over the water assets from the four concessionaires.
Under the lop-sided concession agreement, water tariffs are expected to be hiked as follows:
- Up to 37% in 2009
- 25% in 2015
- 10% in 2019
- 5% in 2021
- 5% in 2024
- 5% in 2027
- 5% in 2030
Puncak Niaga spent RM11m on directors in 2007
UPDATED 2.30PM: Let’s take a quick look at Puncak Niaga, one of the main water concessionaires in Selangor.
You can see that the firm is making huge profits. (Profits for 2006 were higher as there was a gain arising from the partial disposal of a subsidiary of RM206m in 2006.)
The group had close to a billion ringgit in deposits, cash, and bank balances as at 31 December 2007 and a net current asset ratio of 1.2. In other words, very liquid.
Syabas, which is 70 per cent owned by Puncak Niaga, received a government grant of RM250 million (that’s our money) “solely for the purpose of financing the costs and expenditure of the non-revenue water” to reduce unaccountable water loss.
The federal government also provided a support loan (current carrying amount close to RM80 million) to finance construction of the Wangsa Maju water treatment plant. It was originally repayable over 20 years (from 1999) at 8 per cent interest rate. But in 2004, the federal government “restructured” the loan: the interest rate was reduced to 3 per cent per annum retrospectively and the repayment schedule revised. How thoughtful.
Having made super profits with the help of public money, Puncak Niaga is now asking for a higher price than what the Selangor government is prepared to pay (RM1.6 billion for Puncak Niaga and RM1.5 billion for Syabas) to nationalise water assets in the state.
Large crowd in Klang for ceramah on Perak crisis
0044: Revised estimate of crowd size is 3,500-4,000, according to organisers, who say there were 2,500 inside the hall and the rest outside – difficult to estimate accurately as lots of people going in and out during the ceramah. A couple of you, however, are saying the turnout was just 1,000.
2220: The crowd has now swelled to 6,000, according to organisers.
2100: Some 3,000 people have turned up at the Dewan Hamzah, MPK in Klang tonight for a Pakatan ceramah on the crisis in Perak. Among the speakers are Khalid Samad and Charles Santiago.
Public briefing: Selangor’s takeover of water
Here’s your chance to make your voice heard.
The Selangor state government is holding a public briefing on the status of its takeover of the water sector in line with its ‘merakyatkan ekonomi Selangor‘ policy aim of realising a ‘welfare state’.
It’s the first time a public briefing on the status of the water sector “restructuring process” is being held.
Wed, 18 February, 11.00am
Auditorium Dewan Jubli,
Bangunan SSAAS, Shah Alam.
Members of the Water Review Panel of the Selangor state government will brief the public. Among the speakers are economists Subramaniam Pillay and Charles Santiago.
Images from the RPK ISA trial
Puncak, Gamuda fall as S’gor bids to nationalise water
The Selangor government is attempting to take over the water assets from the concessionaires in the state, namely Puncak Niaga, Splash, and Syabas. The state government wants to nationalise the inefficient water sector – and prevent a 30 per cent tariff hike from April.
The concessionaires, on the other hand, are asking for a much higher price, based on discounted cash flow (of future profits) and future tariff hikes assuming the concession is allowed to continue.
LIVE: Application to recuse Augustine Paul rejected
Rape of the Tanjung Bunga hill-slopes
Scary development – Google Earth picture sent in by a Tanjung Bunga resident
While our media are all hot and bothered about some photos of a female politician circulating around, the rape of our hill-slopes continues.
Mind you, this picture was taken in 2005 – nearly four years ago. Since then, things have got a lot worse.
Why Tg Bunga residents are protesting…
A cover-up job?
One of the projects on the steep hill-slopes of Tanjung Bunga Photos by a Tanjung Bunga resident
Just to recap, some one hundred residents of Tanjung Bunga protested at development projects on steep hill-slopes by banging pots and pans on Valentine’s Day. Many of the residents there are living in fear, especially during thunderstorms.
Before anyone else asks why these residents didn’t protest earlier, they did.
Federal Court to hear appeal against RPK’s ISA release
Rakyat@work reports from KL:
Tomorrow may never come.
That’s the apprehension; yet it’s the truth for RPK, Raja Petra Kamarudin. Just read today’s Malaysia Today “No Holds Barred” and needless to say, he sounds downright sorrowful.
Tomorrow’s court case could decide his fate. An ‘Anak Bangsa Malaysia’ is being put on trial once again. Will there be a better tomorrow for him – and for us?
Gutter journalism
Today’s front page of the Malay Mail is a regrettable example of gutter journalism. It features a headline story about nude photos of a Selangor female politician circulating in the public domain.
The photos were believed to be taken using a camera phone without her consent by a former boyfriend while she was sleeping.
“The Malay Mail played dirty by putting a picture of a bare-backed woman next to the story,” said one political analyst, who described it as “gutter politics”.
On the front cover, an unrelated photo of a bare-backed female Formula One driver on the right is staring towards the left at the bold headline of the Selangor nude photos story, “Fury over bedroom invasion”.
Apart from the juxtapositioning of an unrelated picture next to a sensationalist story, the choice of front-page story is revealing.
We are being struck by probably the greatest global economic downturn since the Great Depression – and some are predicting that it could be worse than that. Manufacturing and exports are nose-diving, workers are being laid off, others are struggling to cope with the high cost of living. Many ordinary people are suffering.
Talk of the town
The larger-than-life billboard of Badawi that has fuelled speculation about his political future Photos by a passer-by
The website mentioned on the billboard contains the following message:Grab the opportunity for your voice to be heard E-mail your feedback and views to the Prime Minister in the form of your statement of support, complaint, suggestion, wish and hope as regards the performance and pledges of the Prime Minister, the national and state government leaders. Let us work together to preserve security, peace and prosperity for the people of Malaysia and the Nation. Your feedback is very much appreciated. Thank you. Please provide valid e-mail address and phone number so as not to miss your opportunity to get response from PM.A bit late in the day to be asking for feedback, no?