KOTA KINABALU: Sabah's green energy is set to get a boost following an agreement between state owned Yayasan Sabah and G Capital Berhad.
The deal will see the state produce renewable energy through mini hydroelectric power plants throughout Sabah to complement the State’s electricity supply generation.
Chief Minister Datuk Seri Hajiji Noor said mini hydroelectric power plants were among the holistic solutions to the power supply shortage in the state.
"I am confident that this joint-venture agreement will contribute to stable power supply to Sabah Electricity Sdn Bhd (SESB) and attract quality investments," he said.
The Chief Minister witnessed the joint-venture and shareholders agreement signing ceremony at Menara Kinabalu here Tuesday (Oct 18).
He said increasing the usage of renewable energy was in line with Federal Government’s policy and Sustainable Development Goals.
It was also inline with one of the three main thrusts of the Hala Tuju Sabah Maju Jaya which was green infrastructure and sustainability networks.
"Generation of green energy such as the small hydroelectric power plants will attract more investors, particularly those prioritising green energy and environment, social and governance," he said.
It would support the growth and development of Sabah’s economy besides benefiting the local industry and community, opening up more job opportunities, and creating paths for professional careers, he said.
"In fact, the Parliament had recently passed the Renewable Energy (Amendment) Bill 2022 and the Sustainable Energy Development Authority (Amendment) Bill 2022 that paved the way for the setting up of Sabah's own Energy Commission to fully manage the state’s power supply.
"This historical achievement will allow Sabah to gain total control of its power supply management including planning distribution to more households as well as commercial areas. This is a major step towards achieving the Sabah Maju Jaya development plan objective," he added.
A better power supply infrastructure augured well with the State Government’s SMJ investment initiatives to attract more investors to Sabah.