Sarawak Energy is now exporter of power


  • Business
  • Thursday, 04 Feb 2016

KUCHING: Sarawak Energy Bhd (SEB) is now an exporter of electricity, with PT Perusahaan Listrik Negara Persero (PLN) as its first foreign client.

Group chief executive officer Datuk Torstein Dale Sjotveit said SEB commenced the export of electricity to west Kalimantan, Indonesia, two weeks ago.

Initially, SEB is supplying 50MW, and this is expected to be gradually increased to 230MW under an agreement it signed with PLN earlier.

It was reported that PLN uses oil for power generation and by switching to renewable hydro power via the Sarawak-West Kalimantan interconnection, the Indonesian utility body could save up to US$100mil annually.

Sjotveit said SEB would next look to Brunei and Sabah for the export of power.

He said with the full commissioning of the 944MW Murum hydroelectric plant last year, this had increased Sarawak’s ratio of clean, renewable and sustainable energy mix.

“Seventy percent of our current energy mix is renewable, affordable and abundant hydropower, and we are progressing towards a balanced generation mix of 60% hydro,20% coal and 20% gas. So we are not completely reliant on a single source,” he said before the signing of a power purchase agreement between SEB and Malaysian Phosphate Additives (Sarawak) Sdn Bhd.

SEB is buying the entire power generated from the federal government’s owned 2,400MW Bakun hydro dam.

Sjotveit said SEB had signed 14 agreements representing a committed energy demand of more than 3,000MW under Phase 1 development of Sarawak Corridor of Renewable Energy (SCORE). The agreements were mostly with energy-intensive indusrties like aluminium and manganese smelters.

“With the boost in generation capacity and low cost of electricity production from Murum and Bakun, we have been able to lower tariffs for our 600,000 customers in the domestic, commercial and industrial sectors so that Sarawak can proudly claim to have the lowest average tariff in Malaysia and among the lowest in the Asean region.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , sarawak energy bhd

   

Next In Business News

Moody’s: Sustainable bonds issuance to top US$850bil
Public Mutual declares gross distributions of RM235m for 13 funds
Central banks go big on gold buying
Earnings bounce, bond-yield drop help keep party going for US stocks
Bitcoin rallies past key $40,000
PBOC: China will maintain prudent, flexible monetary policy
Bank Rakyat launches entrepreneur programme
CPO futures seen trading with upward bias next week
As scrutiny mounts, crypto exchange Binance to wind down derivatives in Europe
Oil price climbs, notches fourth monthly gain on growing demand

Stories You'll Enjoy


Vouchers