Pakatan cries foul over sweetheart IPP deal for Syed Mokhtar

KUALA LUMPUR, October 18 The sovereign antithesis indicted a supervision today of signing a vacant coupon for Tan Sri Syed Mokhtar al-Bukhary with a endowment of an eccentric energy producer (IPP) understanding without first similar to price tag rates and a length of a concession.

The Energy, Green Technology and Water Ministry pronounced in a written reply to a parliamentary question yesterday that a 1,000-megawatt plant in Tanjung Bin, Johor has been awarded to Tanjung Bin Power, a auxiliary of Malakoff Berhad.

But a government's reply to Petaling Jaya Utara MP Tony Pua also pronounced that a Energy Commission will only finalise a energy squeeze agreement with a company controlled by Malaysia's richest Bumiputera during a end of a year.

Pakatan Rakyat (PR) lawmakers told a press discussion that a understanding awarded after a singular proposal between two bidders "is scandalous, if not criminal."

"You cannot avoid a perception that a supervision is signing a vacant coupon to Syed Mokhtar (picture) to fund a war chest forward of elections," PAS research chief Dzulkefly Ahmad told The Malaysian Insider.

"How do you decide if you do not know a cost in advance? It is not startling that physical phenomenon prices sojourn tall notwithstanding a RM8 billion gas subsidy IPPs receive each year," Pua, who is also DAP broadside chief, told reporters.

Pua compared Malaysia, that supplies gas to IPPs during RM13.70 per million metric British thermal units (mmBtu) though charges consumers RM157.20 for each 500 kilowatts used per month, to Thailand where gas is granted during RM23.10 per mmBtu though households have been charged RM129.50 for regulating a same volume of electricity.

Putrajaya had in June raised physical phenomenon prices by an normal 7.12 per cent in an bid to trim its burgeoning subsidy bil! l, thoug h promised a travel will not affect some 75 per cent of domestic consumers.

But open anger forward of an approaching ubiquitous choosing has been fuelled by taking flight cost of vital as acceleration has persisted during over 3 per cent given March, a two-year high.

The supervision has pronounced that notwithstanding price tag hikes, it will still outlay some RM26 billion to subsidise a gas check this year.

The Malaysian Insider :: Malaysia

Courtesy of Bonology.com Politically Incorrect Buzz & Buzz

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