No, we don’t need IPPs
KINIBIZ Tiger is doubtful whether open tenders are the best way out for future independent power producers or IPPs. He would like to question the very concept of IPPs instead. Do we really need IPPs and are they the way to keep power prices competitive? No, on both counts says Tiger. Read to find out why.
In one of its many snoozes after large meals, a bolt of inspiration came to Tiger. Is it really necessary to have independent power stations in the first place? Would it not be possible to have open tenders without IPPs? Why give a middleman IPP the right to mint money at our expense?
Let’s look at and revisit this concept of IPPs which came into play when YTL Power was awarded the first one back in the 1990s, in the wake of utility Tenaga Nasional Bhd’s (TNB) nationwide blackout. This set the stage for a new, but unnecessary, industry.
For the complete article go to KiniBiz .
This article was written by P Gunasegaram.
For more news and views that matter, subscribe and support independent media for only RM0.36 sen a day:
Subscribe now