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Malaysia's federal government provides RM161.7 million subsidy to Sabah Electricity to cover 2024 energy costs.
The Federal Government of Malaysia has provided a RM161.7 million subsidy to Sabah Electricity to cover Imbalanced Cost Pass-Through (ICPT) expenses for 2024.
The funds, received on December 23, reimburse the company for costs already incurred.
Additionally, the Sabah State Government has allocated RM50.9 million to further ease consumer burden and has announced an exemption from ICPT surcharges from January 1 to June 30, 2025.
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El gobierno federal de Malasia proporciona un subsidio de RM161,7 millones a Sabah Electricity para cubrir los costos de energía de 2024.