IPOH, May 28 -- The Ministry of Energy and Natural Resources (KeTSA) via the Energy Commission (EC) will open a competitive bidding process for Large Scale Solar (LSS) programme by Malaysia Electricity Industry to Attract Renewable Energy Investment (LSS@MenTARI) starting May 31, 2020.
Its Minister Datuk Dr Shamsul Anuar Nasarah under LSS@MenTARI, some 1,000 megawatts (MW) of solar quota will be offered through this bidding process, and is open to fully-owned local companies or with at least 75 per cent local shareholding for companies listed on Bursa Malaysia.
He said the quota offered this time was the biggest under the LSS programme whereby during LSS-1 some 370MW solar were offered, LSS-2 (520MW), and for LSS-3 (500MW), and these moves were aimed at reviving as well as stimulating the economy that was affected by the COVID-19 pandemic.
"It also aims to accelerate the development of the nation's electricity supply industry especially for renewable energy," he told a press conference on LSS@MenTARI at the EC Perak regional office here, today.
Shamsul Anuar said the ministry had set the maximum bidding capacity from each developer at 50MW compared with 100MW previously to give more opportunities for industry players to participate in the bidding process.
"Each developer can make a maximum of only three bids. The period to submit the documents is three months compared with six months to ensure the project implementation can start before the end of 2020," he said, adding further information would be issued by the EC soon.
He said the ministry had expected the LSS@MenTARI programme to attract investments totalling RM4 bilion and generate 12,000 job opportunities as 1MW of solar can create 12 jobs.
According to Shamsul Anuar, the power plants under the LSS@MenTARI programme were expected to start operating latest by Dec 31, 2023, as the development of each plant would take up to 18 months.
PORT KLANG, July 8 -- The Energy Commission (ST) and Tenaga Nasional Berhad (TNB) raided two cryptocurrency business premises in Taman Pendamar Indah here on suspicion of electricity theft.
KUALA LUMPUR, July 7 -- Serba Dinamik Holdings Bhd (SDHB) has sold its entire 25.2 per cent equity interest in Singapore-listed technology company CSE Global Ltd in the open market for RM177.33 million.
KUALA LUMPUR, July 7 -- KNM Group Bhd's (KNM) wholly-owned subsidiary, KNM Process Systems Sdn Bhd, has signed a joint-venture (JV) agreement with ADAP Capital Sdn Bhd to form a company in respect of oil, gas and petrochemical project in Sarawak.
© 2020 BERNAMA. All Rights Reserved.
rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 58.0.1 (64-bit) & Chrome Version 63.0.3239.132 (Official Build) (64-bit) with 1920 x 1080 resolution
Contact us :
General [ +603-2693 9933, firstname.lastname@example.org ]
Product/Service Enquiries [ +603-2050 4466, email@example.com ]