Kota Kinabalu: Sabah Electricity Sdn Bhd (SESB) Chairman Datuk Seri Wilfred Madius Tangau said steps are being taken to ensure the firm is ready to become a full-fledged utility company that does not rely on subsidies by 2030.
His comments came in reaction to the Malaysia Madani Budget 2024 announced by Prime Minister Datuk Seri Anwar Ibrahim regarding subsidy to SESB.
Anwar was quoted as saying that, while regulatory authority has been transferred to the state government, the federal government will continue to assist the state government in strengthening the Sabah electricity industry by providing subsidies to Sabah Electricity Sdn Bhd (SESB) until the SESB Transformation Plan is successfully implemented by 2030.
"What the Prime Minister announced is exactly what SESB has planned. It is also what the government has planned through the Energy Commission," Madius said Saturday after officiating at the ground breaking ceremony for SESB's Darau 33/11KV Main Substation in Inanam.SPONSORED CONTENT Daily Express members: Enjoy 1 for 1 signature cocktails and more at Hyatt Centric Kota Kinabalu Kota Kinabalu: DAILY EXPRESS is partnering with Hyatt Centric Kota Kinabalu to offer an exclusive deal for our members. Read more
* Read full report in tomorrow's print paper or log in or sign up for e-paper and premium online news access.
* Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss.
