Malaysia's power tariff

Malaysia's power tariff

KUALA LUMPUR (AFP): Malaysia is to closely study a proposal for a tariff increase submitted by the national power giant Tenaga Nasional Bhd., a senior minister said yesterday.

"When the study is completed, we will explain the review but at this point it is still at discussion stage," Energy, Telecommunications and Posts Leo Moggie was quoted as saying by Bernama, the national news agency.

Tenaga Nasional executive chairman Ahmad Tajuddin Ali said Thursday that a tariff hike proposal was submitted to the government.

The proposals included measures to help keep tariff rates competitive while allowing Tenaga to remain viable in a bid to raise funds on the capital market.

The proposal, submitted two weeks ago, also outlined steps to ensure uninterrupted electricity supply to manufacturers with provisions for standby generators in the event of outages.