PETALING JAYA: Independent power producers (IPPs) will not benefit from the increase in the electricity tariff, Prime Minister Datuk Seri Najib Tun Razak said.
He said the Government's agreement on following the "fuel cost past-through mechanism" meant Petronas would forgo part of its revenue to enable the power sector to produce low-tariff electricity for the people.
"It is a pass-through tariff so nobody benefits," he said at a press conference after mentoring 20 youth leaders at the Youth Action Forum here Tuesday.
On calls for the Government to make public the power purchasing agreement between TNB and the IPPs, Najib said: "The Government will look into it but in principle, IPPs will not benefit from the subsidy."
The electricity tariff in Peninsula Malaysia will go up by 7.12% from Wednesday.
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Source: The Star Online
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