Malaysia optimistic of signing PPAs with Laos and Thailand soon


TUESDAY, APRIL 5 KUALA LUMPUR- Dewan Rakyat sitting at 1000 (0200 GMT); KUALA LUMPUR- Energy, Green Technology and Water Minister Dr Maximus Ongkili(pic) officiates the Thi6rd International Sustainable Energy at Grand Ballroom, Putrajaya Marriot at 0845 (0045 GMT); KUALA LUMPUR- Prime Minister Najib Tun Razak opens the Permata Insan Complex, Universiti Sains Islam Malaysia (USIM) at Bandar Baru Nilai, Nilai at 1520(0720 GMT)

ASTANA (Kazakhstan): Malaysia is optimistic of signing power purchase agreements (PPAs) with Laos and Thailand for the Asean Power Grid in September this year, in line with the move to strengthen energy supply.

Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili said the pilot project, expected to begin in January 2018, would open up a lot of opportunities for Malaysia to source renewable energy (RE) from neighbouring countries.

“We are optimistic that the PPAs, part of the Asean Power Grid Initiative, will be sealed in September this year.

“A few of the old coal-fired power plants can cease operations in the next 30 years, providing an opportunity for other RE,” he told reporters after attending the Malaysia Energy Forum in Astana on Tuesday.

The Asean Power Grid is a power network that connects the national grids of all Asean countries to ensure energy security, greater utilisation of shared resources among member countries and making electricity cheaper for people.

Ongkili, a forum panellist, earlier said Asean as a region must continue to strengthen regional cooperation, especially in sharing best practices in energy development and utilisation, to increase its effectiveness in facing global challenges.

“In 2013, electricity produced by Asean from RE sources accounted for about 21% of the region’s total generation,” he added. 

The Malaysia Energy Forum is one of many programmes organised by Malaysia at the Astana Expo 2017 to showcase the nation’s emerging market leadership in green growth. - Bernama

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Wall St set to open higher on tech boost, PCE data
US inflation rises in line with expectations in March
Gamuda Land announces retail partners for Gamuda Gardens
YNH reaffirms bondholders with remedied technical defaults
Ringgit ends firmer against US dollar
KPJ Healthcare partners with Trustr for AI-driven healthcare solutions
Homeritz stays positive amid economic challenges
Unisem expects performance boost amid semiconductor recovery
Gadang wins RM280mil data centre contract
S P Setia unveils Casaville single-storey bungalows in Setia EcoHill, Semenyih

Others Also Read