Electricity demand dips, renewable energy gains momentum 16 Dec 2020 / 10:41 H. Pix for representational purpose only.
KUALA LUMPUR: The fallout from Covid-19 has a significant impact on electricity consumption trends in Malaysia and elsewhere as movement restrictions to stop the spread of the virus have led to sudden change of socioeconomic habits such as commuting, working and playing.
At the peak of the pandemic, only essential industries were allowed to operate, even some at only 50 percent capacity, while the rest of the industries were either shutdown or adapted to remote working practice.
It resulted in a sudden decline in energy demand, especially in commercial and industrial usage.
KUALA LUMPUR (Dec 16): G Capital Bhd’s 90%-owned subsidiary Gunung Hydropower Sdn Bhd’s has received the Sustainable Energy Development Authority’s (SEDA) nod for a higher feed-in tariff (FiT) rate for its small 10MW hydropower project in Sungai Perak, Salu.
In a Bursa Malaysia filing today, G Capital said Gunung Hydropower received SEDA s feed-in approval certificate on Monday, which will increase its FiT rate from 25 sen per kWh to 28.98 sen per kWh.
In addition, the contract is effective from the scheduled FiT date of Dec 14 up to December 2025, while the yearly energy yield has been increased to 68 million kWh from 67.77 kWh.
Samaiden Sdn Bhd director Chow Pui Hee: We expect the award of the LSS4 to be coming in the first quarter.
THE listing of Samaiden Group Bhd could not have come at a better time. The company specialises in the renewable energy (RE) sector, which is in vogue this year.
Last year, the government said that it targets to have RE making up at least 25% of the country’s power generation by 2025. It was a mere 2% in 2018. Government officials have also said that the country needs some RM33bil in investments to boost its RE power generation efforts.
In fact, the Jimah East power plant built by Tenaga Nasional Bhd