Then prime minister Mahafiraun was the man who “engineered” the rise of IPPs.
“There was no negotiation; absolutely none. Instead of talking directly with the IPPs, TNB was sitting down with the EPU. And we were harassed, humiliated and talked down every time we went there.
“After that, my team was disappointed. The EPU just gave us the terms and asked us to agree. I said no way I would,” Ani reveals in his recently released memoirs.
Ani, who was under a lot of pressure to sign the agreements, felt the deal was morally wrong and lopsided.
“If it is legal and not fair, I will not do it. If it is fair and illegal, I still won’t do it. It has to be legal and fair,” he says.
Sharp hike in power tariffs
According to Ani, TNB at that point was producing electricity at 8 sen a unit (kWh) and this could be delivered at 17 sen per unit.
However, the IPPs were producing electricity at 23 sen per unit, therefore TNB would need to charge consumers no less than 30 sen per unit.
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