PETALING JAYA: . The company was sold to Tenaga Nasional Berhad in 1998 after mismanagement led to the state incurring financial losses. TNB currently has a 83% stake in SESB. John Lo, a member of the Sabah Economic Advisory Council, said electricity is central to Hajiji’s overall strategy in developing industries such as mining, oil and gas, the industrial tree plantation and silica processing plants.These industries, Lo said, could bring in billions in potential revenue for the state.
He said under the current administration, investments have doubled. Lo said as of September 2021, a total of RM48 billion have been poured into Sabah.“Therefore, with continued political and economic stability, we can see these plans being implemented. “The fact of the matter is that Hajiji wants to give the bulk of the control back to Sabahans as key decision makers of their own fate.