Independent power producers (IPPs) will not benefit from yesterday's increase in electricity tariffs, Prime Minister Najib Abdul Razak says.<br />This follows the introduction of the Fuel Cost Pass-Through (FCPT) mechanism, under which national oil company Petronas will forgo part of its revenue to enable the power sector to produce low tariff electricity for the people, he said.<br /><br />Full story: http://malaysiakini.com/news/165609
