The electricity tariff hike 'Sabah may lose out investors to S'wak'
INANAM: Sabah Progressive Party (SAPP) said the excuse that Sabah Electricity Sdn Bhd (SESB) continued to incur losses so as to justify increasing the State's electricity tariff cannot be accepted because the company had made a profit in 2006.
Its Deputy President Datuk Eric Majimbun said this was based on the SESB audited accounts showing it registered a net profit of RM126 million as at Aug. 31, 2006, which was a turnaround for the company.
INANAM: Sabah Progressive Party (SAPP) said the excuse that Sabah Electricity Sdn Bhd (SESB) continued to incur losses so as to justify increasing the State's electricity tariff cannot be accepted because the company had made a profit in 2006.
Its Deputy President Datuk Eric Majimbun said this was based on the SESB audited accounts showing it registered a net profit of RM126 million as at Aug. 31, 2006, which was a turnaround for the company.