New degression rates for renewable energy soon


PETALING JAYA: The Sustainable Energy Development Authority Malaysia (Seda), which is in the midst of revising the degression rates for several renewable energy (RE) sources, is expected to make an announcement on the new rates at the upcoming International Sustainable Energy Summit (ISES) 2014.

Chief executive officer Datin Badriyah Abdul Malek explained that the degression rates were “necessary to ensure financial efficiency in managing the RE fund”.

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