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Yeo Bee Yin, Minister of Science, Technology, Climate Change and Environment, said his ministry was studying ways to improve the competitiveness of industry players. (Photo Bernama)
PUTRAJAYA: The government plans to cancel four new independent power generation contracts (IPPs) that were approved by the previous government, said Yeo Bee Yin, Minister of Science , Technology, Climate Change and the Environment. She stated that one of the PPIs was a publicly traded company.
Yeo said four other IPP contracts, which are also new projects, would be reviewed to determine the viability and costs involved without any technical problems.
"The Prime Minister (Dr. Mahathir Mohamad) suggested reviewing these eight PPIs that were awarded through direct negotiations."
"The four that will be canceled are low-risk projects and we do not, they need them after a thorough investigation of the implications," she said after attending a meeting. public meeting with the renewable energy industry here today.
Yeo said that there were currently more than 30 PPPs She added that the ministry was also studying ways to increase the competitiveness of industry players to generate electricity in order to control electricity costs in the country.
the supply generates a surplus of 30% and we want to study how to develop a new energy industry focused on renewable energy, instead of the current heavy reliance on coal energy.
"That's the reason why renewable energy is something that the government has I'll go ahead, to generate energy growth and create more jobs, "she said.
