The tenants of 1Borneo Hypermall had been given a breath of fresh air as the mall's electricity supply had been restored following its payment of RM3.5 million to Sabah Electricity Sdn Bhd (SESB).
The electricity supply was restored at around 3.30pm on Friday, 20 July, after 1Borneo Management Corporation (1BMC) and 1Borneo Hypermall Shoplot Owners' Association (1BOSA) made a payment of RM3 million and RM500,000, respectively.
SESB sources also said that the outstanding owed excluded the current monthly bill of the mall.
1BOSA chairman Datuk Tan Tiang Lai said the association made the decision to intervene on the said during a meeting with his fellow committee members and SESB's top management to discuss the said matter.
As a result of the discussion and after considering the predicament of the tenants, SESB had requested 1BOSA and 1BMC to pay the aforementioned amounts. Power restoration will take place once the payment of the agreed amount of RM3.5 million has been done.
The remaining amount would be paid by installment, with RM100,000 to be paid on a monthly basis for the next 12 months.
After the thirteenth month, 1BMC would have to pay RM150,000 per month until the debt is fully paid off.