Thursday, October 6, 2011

Ministry reiterates no plans to break-up Tenaga

KUALA LUMPUR: The Ministry of Energy, Green TECHNOLOGY [] and Water has reiterated that there are no plans to break-up TENAGA NASIONAL BHD [] into three different units of power distribution, generation and transmission as reported recently.

The ministry on Thursday, Oct 6 also issued a clarification on the establishment and role of MyPOWER Corporation following the report, and said its secretary-general Datuk Loo Took Gee' statement made in reference to the establishment of MyPOWER Corp and its assigned task on the power market reform had been taken out of context.

'This unbundling will lead to better transparency in electricity pricing by reflecting the cost of supply based on the generation, transmission and distribution activities in the end-user's tariff,' it said.

The ministry said the government was also looking into the power market structure in the long term by studying the various market models in the world.

A Malaysian power market model will only be developed after studying the various models and engaging all the stakeholders of the sector, it said.

"A departure from the current market structure will only be implemented if it could lead to greater transparency and overall efficiency of the power sector.

'Such reform activities have far reaching consequences on the country as a whole, and therefore, will not be implemented in a hasty manner,' he said.




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