KUCHING: The availability of affordable energy in Sarawak will continue to draw investors as the state pushes on to become developed by 2030.
Chief Minister Tan Sri Adenan Satem said the state was implementing a comprehensive in dustrialisation programme with the Samalaju Industrial Park as its hub to achieve developed status.
“The relative advantage that we have is cheap, clean electricity. Many people are adverse to hydropower but we have made all the calculations.
“The cheapest and cleanest in the end is hydropwer, as demonstrated by Norway, Canada, New Zealand and many other countries,” he said at a power purchase agreement signing ceremony between Sarawak Energy Bhd and Malaysian Phosphate Additives (Sarawak) Sdn Bhd (MPAS) here yesterday.
Adenan said Sarawak’s ability to provide a cleaner and more affordable source of energy had attracted some RM30bil worth of investments in Samalaju so far.
“The in thing now is clean energy as people are environmentally conscious. So in Sarawak you will find a source of cheap and clean energy and that is why we are able to attract industries to come to Samalaju,” he said.
He congratulated Sarawak Energy and MPAS for the agreement, which will bring in an investment of RM1.9bil to the state.
Under the agreement, Sarawak Energy will supply 150MW for MPAS’ integrated phosphates complex, the first of its kind in South-East Asia, which will start ope- rating in 2018 and create 1,200 jobs.
“This is direct employment. Imagine the multiplier effect on downstream industries. This will cause quite a big ripple in our small pond,” Adenan said.
With Samalaju aiming to become a leading industrial zone, he said both MPAS and Sarawak would find mutual advantage in the investment.
He also called on Sarawak Energy to step up its efforts to tap into other markets for its power to ensure that the state would be seen as the best investment destination.
“We are very happy with this agreement and investment and we acknowledge that more industries will come forward when they see your success,” he added.
The agreement was signed by Sarawak Energy chief executive Datuk Torstein Dale Sjotveit, witnessed by the group’s legal general manager Stephanie Gae Chin. Signing for MPAS was its managing director, Lim Lee Wan, witnessed by director Datuk Isaac Lugun.