RM325mil boost for renewable energy fund


PETALING JAYA: The Sustainable Energy Development Authority Malaysia (Seda) will get an additional RM325mil per annum to its renewable energy (RE) fund, following the revised surcharge of 1.6% effective this year from 1% previously.

Seda’s RE fund was created to support the feed-in-tariff (FIT) scheme that was introduced in December 2011 to encourage the supply of RE into the country’s electricity grid.

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Business , SEDA , renewable energy , electricity

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