Kota Kinabalu: Sabah Electricity has received a subsidy payment of RM161.7 million to cover the Imbalance Cost Pass-Through (ICPT) for 2024.
Sabah Electricity Chairman Datuk Seri Wilfred Madius Tangau said the payment was received from the Federal Government on Dec. 23, 2024
Advertisement“This amount represents reimbursement for funds already spent by Sabah Electricity to cover ICPT costs. I thank the Federal Government for their attention to our needs and requests, which enables Sabah Electricity to continue operating and supplying energy in Sabah,” he said in a statement.
In November, Madius, who is also Member of Parliament for Tuaran, told the Dewan Rakyat that Sabah might face blackouts during Christmas and New Year if the subsidy was not provided.
SPONSORED CONTENT Ford aims to boost its presence in Sabah, Sarawak The improved ride quality makes the Ranger more comfortable for passengers. Read more The former Deputy Chief Minister also expressed gratitude to the Sabah Government for allocating an additional RM50.9 million in ICPT subsidies to Sabah Electricity.
“As announced by the Chief Minister on Dec 20, 2024, the ICPT surcharge exemption has been agreed to continue from Jan. 1, 2025, to June 30, 2025.
Advertisement (adsbygoogle = window.adsbygoogle || []).push({});For this purpose, the Sabah Government has allocated RM50.9 million to help ease the burden on consumers,” he said.