KL to raise power tariff

KL to raise power tariff

KUALA LUMPUR (AFP): Malaysian power giant Tenaga Nasional Bhd. said over the weekend its new proposed tariff hike will not burden consumers.

Executive Chairman Ahmad Tajuddin Ali said the load arising from the proposed package of adjustments to electricity tariffs would be absorbed by the government, independent power producers (IPPs), Tenaga Nasional and consumers.

State-owned Tenaga submitted its proposal for new power tariffs in late March, possibly including a cap on fuel prices and tax breaks to help improve its finances as credit obligations increase.

Details of the proposed tariff hike which is currently being studied by the government have yet to be made public.