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Najib to Resume Malaysian Power-Producer Talks, Reserve Reports - Najib Razak
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Najib to Resume Malaysian Power-Producer Talks, Reserve Reports

By Sunday January 4th, 2009 No Comments

Jan. 5 (Bloomberg) — Malaysia’s government plans to resume talks this year with independent power producers, which include YTL Power International Bhd., over agreements to sell power to state utility Tenaga Nasional Bhd.,the Malaysian Reserve said.

Citing an interview with Deputy Prime Minister Najib Razak, the newspaper said negotiations would be aimed at helping Tenaga, which under the agreements must buy all the power generated by the independent producers, irrespective of demand.

While the interests of Tenaga and power producers should be taken intoaccount, any outcome must respect the original contracts between the parties, the newspaper said, citing Najib..

Source : Bloomberg

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