Razaleigh on the scandal of the IPPs

Tengku Razaleigh highlights the scandal of the independent power producers and how it has cost TNB, the consumers and the nation dearly. 



Razaleigh also asks if the cost of securing our present high reserve margin of about 40 per cent can be justified when Thailand has a “relatively high” reserve margin of only 22 per cent.

To my mind, the litany of questions Razaleigh has raised amounts to a damning indictment of Mahathir’s privatisation policy and the lack of accountability and transparency surrounding it. Much of it already alluded to by former TNB chairman Ani Arope.

Not least, Razaleigh touches on the damaging environmental consequences of Bakun and the type of FDI – aluminium smelters – that its electricity has attracted.