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Water done, Toll done , how about Electricity ??
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<blockquote data-quote="Iqlima" data-source="post: 7296" data-attributes="member: 174"><p>Mr.Patriotic Francis Yeoh spoke <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /><a href="http://www.jeffooi.com/" target="_blank">http://www.jeffooi.com/</a>For instance, tycoon and a key beneficiary of Malaysia's <a href="http://www.jeffooi.com/mt32/mt-search.cgi?IncludeBlogs=1&search=ani+arope" target="_blank">IPP (Independent Power Producer) regime</a>, Francis Yeoh of YTL (right picture, above), was the exemplary among all, when he grabbed the mike to deliver what he had to deliver, inter-alia:I sponsor tonight's dinner for everyone so I think I deserve to speak. I am a Christian-Malaysian. Let me tell you, Mr Soros, in Malaysia we all stand in unity for the country. And thank God, our country has progressed very well as you can see for yourself... There's only relative truth. Relative truth is for us, absolute truth is for God. So, let's not waste tome to seek truth, because..."----------------------------------------------------------------------------------------<a href="http://www.jeffooi.com/2006/05/the_crooked_vision_of_the_ipps.php" target="_blank">http://www.jeffooi.com/2006/05/the_crooked_vision_of_the_ipps.php</a>The crooked vision of the IPPs... ( 2 ) <a href="http://www.jeffooi.com/2006/05/post_18.php" target="_blank">This big devil called the IPPs</a>. There is a recently published research on The IPP Investment Experience in Malaysia by Jeff Rector, which was released on August 17, 2005. It is a working paper presented under The Program on Energy and Sustainable Development at Stanford University, an interdisciplinary research program that started in 2001 -- i.e. after the Asian Financial Crisis -- and it focused on the economic and environmental consequences of global energy consumption. The research paper is illuminating as it examines the development of global natural gas markets, reform ofelectric power markets, international climate policy, and how the availability of modern energy services,such as electricity, can affect the process of economic growth in the world’s poorest regions. I recognised that fact that the research carries substantial academic clout as the program is based at the Center for Environmental Science and Policy, at the Stanford Institute for International Studies. There are few key points that highlighted the perils Malaysia, and TNB in particular, faced off at the mercy of the IPPs. <ul> <li data-xf-list-type="ul">Firstly, the IPPs charge TNB on a "Take-or-Pay" tariff regime -- ranging from 14 to 16 sen depending on the PPA -- that far exceeds the cost if TNB were to generate its own electricity. Rector quoted sources as saying the IPPs derived between eighteen and twenty-five percent internal rate of return (IRR), while Little Birds told Screenshots the IRR could be as high as 40%.</li> <li data-xf-list-type="ul">Secondly, TNB is currently having about 40% excess capacity. This is far worse that the non-revenue water situation where water can be stored in reservoirs when leakages are plugged. Excess electricity pumped into TNB's national grid from the IPPs becomes perishable -- meaning totally wasted -- as there is no battery on earth to store unutilised electricity. Under the PPAs, the IPPs charge TNB based on the capacity, no matter if the electricity is actually generated. Apart from that, the IPPs bill TNB on another category stated as 'energy charge' for actual electricity supplied. In totality, the IPPs bill TNB around the clock, but 40% of billable electricity becomes wasted excess, everyday. And this situation has no sign of being reversed anytime soon. The excess level will increase once Tanjung Bin and Jimah plants come on stream soon, despite a marginal growth in domestic consumption projected by TNB.</li> <li data-xf-list-type="ul">Thirdly, all IPPs are shielded from financial risks, right from the time when Malaysia was sucked into the Asian Financial Crisis. The Government has indirect stakes in all of them, according to Rector's paper.</li> </ul><p> So, you have to find the Syed Mokhtars, the YTLs and the LimGohTongs, and the Anandas, to fit the jigsaw puzzles that we talked about. They are all live specimens till this day (<a href="http://www.penjanabebas.com.my/www/generator/index.php/publish/page/start" target="_blank">Click here</a>). <img src="http://www.jeffooi.com/Top_IPPs.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" />SOURCE: <a href="http://news.google.com.my/news/url?sa=t&ct=us/0-2&fp=447690be87c891ff&ei=HFV2RJeYNJSgogLP3Yz1Dg&url=http%3A//www.theedgedaily.com/cms/content.jsp%3Fid%3Dcom.tms.cms.article.Article_6678013f-cb73c03a-13360060-bd30a807&cid=1106773014" target="_blank">The IPP Investment Experience in Malaysia</a> by Jeff Rector, Stanford University, Page 27 In order not to be blamed for distorting facts, I will give you the <a href="http://www.jeffooi.com/Malaysia_IPP.pdf" target="_blank">full PDF of Rector's paper</a> (335K) to enable you digest the information and make your own conclusions. I must say I am in no position to claim what is right and what is wrong with the IPP system. You decide for yourself. Before that, I would like to excerpt two portions from Rector's research paper to demonstrate why we had asked for trouble, and why we are not out of the bush. Notably, TNB recognised and admitted that the new tariff <a href="http://news.google.com.my/news/url?sa=t&ct=us/0-2&fp=447690be87c891ff&ei=HFV2RJeYNJSgogLP3Yz1Dg&url=http%3A//www.theedgedaily.com/cms/content.jsp%3Fid%3Dcom.tms.cms.article.Article_6678013f-cb73c03a-13360060-bd30a807&cid=1106773014" target="_blank">won’t solve its cash-flow deficit</a> any time soon. The reasons are out there with the Devils.Conclusion :When there is 40% surplus capacity what it really means is that for every RM140 you pay TNB, RM40 is as good as throwing money in the drain..gone ..wooosh.... just like how it sounds when you flush the toilet. Your real consumption is only RM100. The extra RM40 is towards what the IPPs charge which you or I or the industries in the country don't consume.Sooner or later .....</p></blockquote><p></p>
[QUOTE="Iqlima, post: 7296, member: 174"] Mr.Patriotic Francis Yeoh spoke :)[URL="http://www.jeffooi.com/"]http://www.jeffooi.com/[/URL]For instance, tycoon and a key beneficiary of Malaysia's [URL="http://www.jeffooi.com/mt32/mt-search.cgi?IncludeBlogs=1&search=ani+arope"]IPP (Independent Power Producer) regime[/URL], Francis Yeoh of YTL (right picture, above), was the exemplary among all, when he grabbed the mike to deliver what he had to deliver, inter-alia:I sponsor tonight's dinner for everyone so I think I deserve to speak. I am a Christian-Malaysian. Let me tell you, Mr Soros, in Malaysia we all stand in unity for the country. And thank God, our country has progressed very well as you can see for yourself... There's only relative truth. Relative truth is for us, absolute truth is for God. So, let's not waste tome to seek truth, because..."----------------------------------------------------------------------------------------[URL="http://www.jeffooi.com/2006/05/the_crooked_vision_of_the_ipps.php"]http://www.jeffooi.com/2006/05/the_crooked_vision_of_the_ipps.php[/URL]The crooked vision of the IPPs... ( 2 ) [URL="http://www.jeffooi.com/2006/05/post_18.php"]This big devil called the IPPs[/URL]. There is a recently published research on The IPP Investment Experience in Malaysia by Jeff Rector, which was released on August 17, 2005. It is a working paper presented under The Program on Energy and Sustainable Development at Stanford University, an interdisciplinary research program that started in 2001 -- i.e. after the Asian Financial Crisis -- and it focused on the economic and environmental consequences of global energy consumption. The research paper is illuminating as it examines the development of global natural gas markets, reform ofelectric power markets, international climate policy, and how the availability of modern energy services,such as electricity, can affect the process of economic growth in the world’s poorest regions. I recognised that fact that the research carries substantial academic clout as the program is based at the Center for Environmental Science and Policy, at the Stanford Institute for International Studies. There are few key points that highlighted the perils Malaysia, and TNB in particular, faced off at the mercy of the IPPs.[LIST][*]Firstly, the IPPs charge TNB on a "Take-or-Pay" tariff regime -- ranging from 14 to 16 sen depending on the PPA -- that far exceeds the cost if TNB were to generate its own electricity. Rector quoted sources as saying the IPPs derived between eighteen and twenty-five percent internal rate of return (IRR), while Little Birds told Screenshots the IRR could be as high as 40%. [*]Secondly, TNB is currently having about 40% excess capacity. This is far worse that the non-revenue water situation where water can be stored in reservoirs when leakages are plugged. Excess electricity pumped into TNB's national grid from the IPPs becomes perishable -- meaning totally wasted -- as there is no battery on earth to store unutilised electricity. Under the PPAs, the IPPs charge TNB based on the capacity, no matter if the electricity is actually generated. Apart from that, the IPPs bill TNB on another category stated as 'energy charge' for actual electricity supplied. In totality, the IPPs bill TNB around the clock, but 40% of billable electricity becomes wasted excess, everyday. And this situation has no sign of being reversed anytime soon. The excess level will increase once Tanjung Bin and Jimah plants come on stream soon, despite a marginal growth in domestic consumption projected by TNB. [*]Thirdly, all IPPs are shielded from financial risks, right from the time when Malaysia was sucked into the Asian Financial Crisis. The Government has indirect stakes in all of them, according to Rector's paper. [/LIST] So, you have to find the Syed Mokhtars, the YTLs and the LimGohTongs, and the Anandas, to fit the jigsaw puzzles that we talked about. They are all live specimens till this day ([URL="http://www.penjanabebas.com.my/www/generator/index.php/publish/page/start"]Click here[/URL]). [IMG]http://www.jeffooi.com/Top_IPPs.jpg[/IMG]SOURCE: [URL="http://news.google.com.my/news/url?sa=t&ct=us/0-2&fp=447690be87c891ff&ei=HFV2RJeYNJSgogLP3Yz1Dg&url=http%3A//www.theedgedaily.com/cms/content.jsp%3Fid%3Dcom.tms.cms.article.Article_6678013f-cb73c03a-13360060-bd30a807&cid=1106773014"]The IPP Investment Experience in Malaysia[/URL] by Jeff Rector, Stanford University, Page 27 In order not to be blamed for distorting facts, I will give you the [URL="http://www.jeffooi.com/Malaysia_IPP.pdf"]full PDF of Rector's paper[/URL] (335K) to enable you digest the information and make your own conclusions. I must say I am in no position to claim what is right and what is wrong with the IPP system. You decide for yourself. Before that, I would like to excerpt two portions from Rector's research paper to demonstrate why we had asked for trouble, and why we are not out of the bush. Notably, TNB recognised and admitted that the new tariff [URL="http://news.google.com.my/news/url?sa=t&ct=us/0-2&fp=447690be87c891ff&ei=HFV2RJeYNJSgogLP3Yz1Dg&url=http%3A//www.theedgedaily.com/cms/content.jsp%3Fid%3Dcom.tms.cms.article.Article_6678013f-cb73c03a-13360060-bd30a807&cid=1106773014"]won’t solve its cash-flow deficit[/URL] any time soon. The reasons are out there with the Devils.Conclusion :When there is 40% surplus capacity what it really means is that for every RM140 you pay TNB, RM40 is as good as throwing money in the drain..gone ..wooosh.... just like how it sounds when you flush the toilet. Your real consumption is only RM100. The extra RM40 is towards what the IPPs charge which you or I or the industries in the country don't consume.Sooner or later ..... [/QUOTE]
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