Electricity tariff hike won’t affect public, SMEs: Anwar

[superadmin]

PUTRAJAYA – Datuk Seri Anwar Ibrahim has promised that any increase in electricity tariffs will not hit small- and medium-sized enterprises (SMEs) or the public, but will instead focus on multi-national corporations (MNCs) and the super-rich.

Speaking to a press conference after his cabinet meeting today, the prime minister explained that details regarding the hike will be announced by Natural Resources, Environment and Climate Change Minister, Nik Nazmi Nik Ahmad.

“This (electricity) subsidy will not be given to giant multi-national conglomerates, but (is meant) for SMEs, food production and agricultural companies, and the public…they will not be affected at all by any increased tariffs.

“It will also be a very gradual, reasonable increase, so we won’t disrupt productions and business projections. The details will be announced soon by the minister concerned,” said Anwar.

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