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Ani Arope on how TNB got a raw deal from IPPs
Stephen Ng
8:30AM Oct 11, 2013
In his book published by the Fulbright Alumni Association of Malaysia, former Tenaga Nasional Bhd (TNB) executive chairperson Ani Arope reveals how, after the landmark blackout in Peninsular Malaysia in 1992, TNB was forced to surrender the land it had acquired in Paka (Terengganu) and Pasir Gudang (Johor) to a third party for power plants.
This started the era of the independent power producers (IPPs) and the first was YTL Power Generation Sdn Bhd.
This was followed by a slew of other IPPs - Powertek Bhd, Genting Sanyan Power Sdn Bhd, Segeri Energy Ventures Sdn Bhd, Malakoff Bhd, Tanjung plc, EPE Power Sabah Energy Corp, Alpha Intercount'l Bhd, Sutera Bhd, Cergas Unggul Sdn Bhd and Ekran Corp.
Although Ani, who is Malaysia's first Fulbright scholar, had felt that the power purchase agreements with YTL for a period of 21 years - from 1994 to 2015 - were "too darn generous", he was pressured to ink the deal, which had been drafted by the Economic Planning Unit (EPU).
Then prime minister Dr Mahathir Mohamad was the man who "engineered" the rise of IPPs.
"There was no negotiation; absolutely none. Instead of talking directly with the IPPs, TNB was sitting down with the EPU. And we were harassed, humiliated and talked down every time we went there.
"After that, my team was disappointed. The EPU just gave us the terms and asked us to agree. I said no way I would," Ani reveals in his recently released memoirs. |
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Post time 11-10-2013 08:58 AM
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