Applications for feed-in tariff quota to be opened in June


Energy and Natural Resources Minister Datuk Seri Dr Shamsul Anuar Nasarah (pic) said of the total, 32MW was allocated for biogas, 126MW for mini hydro and 30MW for biomass projects.

PUTRAJAYA: The government, through the Sustainable Energy Development Authority (Seda), will open applications for feed-in tariff (FiT) quotas totalling 188 megawatts for biogas, mini hydro and biomass resources in Peninsular Malaysia in June.

Energy and Natural Resources Minister Datuk Seri Dr Shamsul Anuar Nasarah said of the total, 32MW was allocated for biogas, 126MW for mini hydro and 30MW for biomass projects.

“All the FiT quotas can be applied via e-bidding through the Seda Malaysia website, www.seda.gov.my, from June 1 for biogas, June 8 for mini hydro and June 22 for biomass, ” he told a media conference.

Shamsul Anuar said the offer of the new FiT quotas would be able to generate RM1.5bil in investments and create 600 job opportunities in the renewable energy (RE) industry.

He said the projects approved would begin generating and supplying electricity starting from mid-2024.

“When the electricity generation takes effect in 2024, it will boost the entire country’s electric capacity especially in the RE sector. We hope this will indirectly lead to a more stable electricity supply and hence benefit the people, ” he said.

The e-bidding under the FiT mechanism was introduced in 2018 for biogas resources before being widened to cover mini hydro resources in 2019 and biomass resources this year.

He said e-bidding was used to ensure the FiT quotas were approved for bidders offering the lowest tariffs.

“This approach allows the Renewable Energy Fund to be optimised and hence more FiT quotas can be offered to RE development companies, ” he explained. — Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

   

Next In Business News

Inta Bina bags RM106mil contract from Mitraland�
DBS, StanChart weigh bids as Citi retreats from Asia consumer business - sources
Kossan registers best-ever quarterly earnings�
Ajiya sees tough quarters ahead amid shortage of raw materials�
Oil hits US$68 on Libya force majeure, although pandemic surge weighs
FBM KLCI rebounds, gains 7.28 points
DBS, StanChart among potential bidders for Citi's Asia consumer business
Indonesia's central bank keeps interest rates steady
Petronas Gas allocates capex up to RM1.3bil in FY21
UK unemployment falls again under government's jobs shield

Stories You'll Enjoy


Vouchers