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NEWS UPDATES 17 July 2009

Malaysia set to raise power tariffs

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Malaysian electricity tariffs will be raised as the government looks to cut subsidies on fuel prices, reported Reuters, quoting a local newspaper.

"Fuel price movements are the main factors for the electricity tariff revision," Energy Minister Peter Chin was quoted as saying in the Business Times newspaper. He did not say when the increase in tariffs would take place.

Much of the electricity generated in Malaysia uses natural gas subsidised by the government.

National power company Tenaga Nasional had submitted a proposal for a tariff review to the government at the end of April. The review in electricity tariffs was due this month but was postponed.




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