BUSINESS

GOVT APPROVES 22 RE PROJECTS WITH A TOTAL CAPACITY OF 36.534 MW

18/01/2024 05:38 PM

KUALA LUMPUR, Jan 18 (Bernama) -- The Ministry of Energy Transition and Public Utilities via the Sustainable Energy Development Authority (SEDA) has approved the development for the implementation of 22 renewable energy (RE) projects from biogas and biomass with a capacity of 36.534 megawatts (MW).

In a statement today, the ministry said the green electricity under the Feed-in Tariff (FiT) mechanism would be supplied to Tenaga Nasional Bhd (TNB) as early as 2027.

“In support of the country’s energy transition aspiration of 70 per cent RE capacity mix in electricity supply by 2050, the government has announced the offer and opening of FiT applications through e-bidding for three RE sources namely, biogas, biomass and mini hydropower from July 5 until 26, 2023,” the ministry said, adding that 34 applications have been received.

It said the technical and financial evaluation has been conducted by SEDA Malaysia and 22 applications that fulfilled the technical and financial criteria have been approved.

The ministry said this encompassed 21 projects with a total quota of 29.534 MW for the generation of green electricity generation from biogas and one project with a quota of seven MW for electricity generation from biomass.

It said the approval for the implementation of the new RE projects under the FiT mechanism would diversify RE generation sources other than solar and further increase the reliability of the nation’s electricity supply.

“At the same time, the development of these approved RE projects is expected to create new investment value in the RE industry of up to RM372 million,” it added.

-- BERNAMA

 

 


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