Govt in bid to recover RM3.5 billion for Sabah’s incomplete pipeline project

February 8, 2019

Trying being the key word.

Dateline 2019-01-19, FMT:

Putrajaya is currently trying to recover the money it has already paid to the company contracted to build the Trans-Sabah Gas Pipeline (TSGP) project.

Minister of Energy, Science, Technology, Environment and Climate Change Yeo Bee Yin said the company was paid 84% of the total cost of the project worth RM4 billion, but the project progress was only recorded at 14%.

“We have two options at the moment. Either to recover the fund which was paid prematurely or to carry on with the project,” she told reporters today after attending a briefing by indigenous empowerment group Pacos today.

No decision yet on Trans-Sabah Gas Pipeline project, says minister

October 23, 2018

Can I have these T&C with my contracts? Pay first, finish work when MACC comes a-knockin.

Dateline 2018-07-28, Malay Mail:

No further decision has been made regarding the operation of the Trans-Sabah Gas Pipeline (TSGP) project after the suspension notice was issued on July 3, said Energy, Technology, Science, Climate Change and Environment Minister Yeo Bee Yin.

The ministry was still discussing what happened to RM3.5 billion paid for the TSGP project when the actual work had not been completed, she said.

Pakatan won’t build nuke plants, says minister

October 4, 2018


Dateline 2018-07-20, Malay Mail:

The Pakatan Harapan (PH) government does not plan to build nuclear power plants or explore nuclear energy, minister Yeo Bee Yin said.

The energy, green technology, science, climate change and environment minister also said the Malaysia Nuclear Power Corporation, the regulatory agency for the nuclear sector under the Prime Minister’s Department, will be closed in the near future.

“Plans for nuclear power plants will be cancelled and some corporations will also be abolished, there’s no difficulty in doing this because the previous government did not sign any contracts for this,” Yeo said in an interview with Malay Mail.

Cap Petronas’;s dividends to Putrajaya, says Selangor rep

September 9, 2014

Dateline 2014-06-28, MSN (that’ a first):

Petronas’s dividends to Putrajaya should be capped to ensure the national oil and gas company would continue to grow in the long run, a Selangor lawmaker said today.

Damansara Utama assemblywoman Yeo Bee Yin said between 2008 and 2012, Petronas paid 55% to 68% of their profits to Putrajaya in the form of dividends.

“The average percentage of payouts of national oil companies around the world is only 38%.

“In order to ensure Petronas’s long-term growth, it is time to amend Section 4 of the Petroleum Development Act 1974 to cap Petronas’s dividends,” she said in a statement today.