TNB believes in competitive bidding, shares Minister’s view

KUALA LUMPUR (July 13): Tenaga Nasional Bhd says it believes that competitive bidding for power plant projects would bring the best value to the industry.

TNB President/Chief Executive Officer Datuk Seri Ir Azman Mohd said the company shares the views of the Energy, Technology, Science, Climate Change and Environment Minister Yeo Bee Yin on the need for transparency in the tender process.

He was commenting on Yeo’s announcement yesterday that the federal government has decided to cancel four independent power producer (IPP) contracts given by the previous administration.