Those of you who are old enough to remember the original Sony Walkman or SimSci’s ProII would remember when starting up an Independent Power Producer (IPP) was the equivalent of being on top of a Ponzi scheme.
Seems like 2009 is the year history repeats itself. Here’s the article deadline 2009-01-15:
This is because payments to the IPP’s make up 45% of [Tenaga National Berhad’s] cost and fuel cost 15% … TNB has paid IPPs over RM9bil in the last financial year.
I can almost swear Jabba thought this one up.