The family of former Prime Minister Tun Abdullah Ahmad Badawi was linked today to a company that supplies the controversial digital electricity meters to Tenaga Nasional Berhad (TNB) alleged to have hiked up energy consumption bills and gained the national utility company billions of ringgit in profit.
Noor Asiah Mahmood, who is the younger sister to Abdullah’s (picture) first wife, the late Tun Endon Mahmood, owns Ombata-Ambak Holdings Sdn Bhd, which has a 15 per cent share in Malaysian Intelligence Meters Sdn Bhd, the latter which is one of five companies contracted by TNB to supply the new digital meters.
The programme to switch analogue power meters for digital ones had showed consumers would be contributing RM6.88 billion to TNB’s profit over the course of 10 years. The programme has been stopped temporarily on the orders of Energy, Green Technology and Water Minister Datuk Seri Peter Chin Fah Kui since October.
The research shows TNB has 8.03 million consumers now and the average price for each meter is RM250, therefore this programme had the potential to reach RM2 billion.
For the financial year 2012, TNB’s revenue from all consumers is RM34.4 billion, if the electronic meter had given a conservative raise of two per cent, the additional burden on consumers would be as much as RM688 million a year.
Seeing as the life expectancy of this meter is only 10 years, consumers would ultimately have to pay as much as RM6.88 billion to TNB for that duration..
The issue was not a small matter as consumers would have to pay up to 50 per cent of the cost of their power bills.Therefore,we urge TNB to be transparent and responsible in this matter to reveal who are the electronic meter suppliers, the price paid for the meters and whether it was competitively priced at local and international standards, and whether an open tender had been called or was it a direct negotiation?..
Last October, TNB had halted the replacement of analogue electricity meters with electronic meters until a standard operating procedure could be fixed.
The public complaints saying power consumption had spiked after switching to the new digital meters, causing them to be also billed “retrospectively”.
Another example of cronyism that is destroying Malaysia, and I do not know how much longer can this country last when all our hard earned money been sucked dry by those well-linked cronies.
Thats why we cannot vote for BN...We must vote PAKATAN so they can keep BN checked for abusement....
SC should investigate this matter too because TNB is a public listed company. No wonder all foreign investors fleeing our market!!!
this is how the top BN politician make money,do that more often and see what u get in the GE!13