robertteh SG Power stations, the land they sit on, electricity cable network, equipment and infrastructures were paid by people from their own tax monies. When government privatised electricity supply, it pocketed the proceeds (people's monies) from such privatization sale to Power Supply etc and the monies went to the surplus which GIC and Temasek now used to buy Shin Corp or UBS. If the people's power stations and all the electricity supply infrastructures were not sold away to the privatised GLC called Power Supply and monies belonging to people not hoarded by the government in this blatant manner will people today need to pay for amortization of as much as S$0.12 per kilowatt-hour as double charge on power stations and infrastructure. This kind of charging like S$0.22 per KW-hr on electricity supply contains a double-charge on fixed assets which should stop. In other words if government continues to operate power stations, using people lands and other infrastructures as in the old days without all the profiteering schemes like turning these basic services to GLC-like Power Supply Ltd, people do not have to pay higher and higher cost because there would be no such double-charge. Alternatively, GIC or government should refund the sale proceeds from such asset sales back to the taxpayers through a fund (asset liquidation on privatisation fund) to lower our costs of living and doing business. Oppositions Parties Mr. Low Thia Khiang, Ms. Sylvia Lim please take this matter to parliament. Back to top
