KUCHING: Sarawak Energy Berhad (SEB) chief executive officer Datuk Torstein Dale Sjotveit (pic) has won the Outstanding Entrepreneurship Award in the Oil & Gas, Mining and Energy category.
“The award recognises Sjotveit’s notable role in transforming the state-owned energy company into a modern and robust organisation to meet the state’s development needs, particularly the Sarawak Corridor of Renewable Energy (SCORE) agenda.
“This (development needs) also includes the commitment to deliver a 10-fold increase in the state’s electrical output in just over a decade,” SEB said in a statement yesterday.
He received the award at the Asia-Pacific Entrepreneurship Awards (APEA) Brunei-Indonesia-Malaysia-Philippines East Asean Growth Area (BIMP-EAGA) 2014, in Bandar Seri Begawan, Brunei, recently.
APEA is a regional recognition programme for outstanding entrepreneurs across Asia.
SEB is a fully integrated utility company, responsible for development, generation, transmission, distribution and retail of electricity to serve 570,000 customers throughout Sarawak.
Sjotveit was appointed CEO of SEB in 2009.
He has transformed SEB tremendously, especially in positioning the power supplier internationally.
In line with the rapid expansion, SEB had recruited more than 1,800 Sarawakians since 2011 and inked 13 Power Purchase Agreements with industrial and export customers for a total of 2,560 MW of energy.
Sjotveit’s leadership had also contributed to SEB’s strong financial performance.
“This award is dedicated to my entire team of dedicated employees at Sarawak Energy. We have all worked hard to transform and bring the company to a where it is now,” Sjotveit said after receiving the award.
“There is more to be done especially in materialising the SCORE Phase II to further boost the state economy to achieve a developed status by 2020,” he further commented.
Prior to joining Sarawak Energy, Sjotveit was the president and CEO of Europe’s biggest shipbuilding group, Aker Yards ASA, with 15,000 employees. Before that, he served 27 years in the Norwegian Industrial Conglomerate Norsk Hydro where he held senior positions in various areas across the company’s operations.
In 2012, Sjotveit won the “Most Influential Clean Energy Advocate Award”, in conjunction with the 15th Power and Electricity World Asia Conference held in Singapore. In 2013, he was conferred the Honorary Panglima Gemilang Bintang Kenyalang for his contributions to the state by the Sarawak Governor.
Sarawak Energy Chief Operating Officer Lu Yew Hung received the award on behalf of Sjotveit at the ceremony. Also present were some of the company’s executive management committee members.
APEA is Asia’s most prestigious awards for entrepreneurs in honor of their entrepreneurial spirit and acumen, whilst not neglecting social responsibilities.
It also awards individuals who have demonstrated their ability to be role models for emerging entrepreneurs as well as have the tenacity and perseverance to continue innovating and making a difference under adverse situations and environments.
The award also represents the BIMP-EAGA success stories.