Logo of Phnom Penh Post newspaper Phnom Penh Post - Malaysia cuts Singapore renewable power

Malaysia cuts Singapore renewable power

Content image - Phnom Penh Post
Malaysia has agreed that the wheeling charges for selling electricity to Singapore over a two-year trial period will be $0.0228 per kilowatt-hour. THE STRAITS TIMES

Malaysia cuts Singapore renewable power

Malaysia will allow only non-renewable energy exports to neighbouring Singapore, while power sales to the island through self-developed transmission and interconnection facilities will not be allowed, its energy ministry said.

The ministry said in a statement on October 22 that the government decided to review the Guide for Cross-Border Electricity Sales issued by its Energy Commission to expand its purview over the two energy and power sources.

The statement, cited by news agency Bernama, said the government has also agreed that the wheeling charges for selling electricity to Singapore over a two-year trial period will be $0.0228 per kilowatt-hour (kWh).

“The decision was made to boost the development of the local renewable energy [RE] industry as Malaysia aspires to reach its climate change aspiration.

“It will also allow the government to allocate additional solar quota to benefit Malaysian RE players,” it said.

A global fuel crunch has caused the prices of natural gas to skyrocket, which has, in turn, led to the exit of a number of electricity retailers in Singapore.

The current quarterly household tariff stands at 25.8 cents per kWh of electricity, the highest rate in almost two years since the first quarter of 2020.

The updated Guide for Cross-Border Electricity Sales is scheduled be published on the Energy Commission’s website on October 25.

According to the statement, the decision also frees up Malaysia’s government to increase its solar capacity within its national grid system.

In accordance with that, the ministry also decided to release an additional 300MW of solar quota under the Net Energy Metering (NEM) Net Offset Virtual Aggregation (Nova) programme, which allows businesses to install solar photovoltaic systems on their premises to harness solar energy for electricity use.

The additional quota can be applied through the Sustainable Energy Authority Development of Malaysia’s eNEM system starting from November 15.

“The release of the additional NEM Nova quota is expected to benefit more than 60 to 300 commercial and industrial customers and create new business opportunities for more than 100 local solar players,” the ministry said.

The statement stated that the move will also contribute to the country’s post-Covid-19 pandemic recovery by creating an estimated investment value of 1.2 billion ringgit ($290 million) and providing 3,600 job opportunities.

THE STRAITS TIMES (SINGAPORE)/ASIA NEWS NETWORK

MOST VIEWED

  • Tensions high ahead of historic Kun Khmer match up

    The long-awaited November 5 matchup between Kun Khmer legend Prum Samnang and Myanmar-Canadian boxer Dave Leduc has become the most anticipated fight of the year. The Wurkz Sena Kun Khmer promotion, which will be held at the Town Arena at Chip Mong 271 Megamall, will see six

  • Manet: Cambodia safe for travel

    Prime Minister Hun Manet acknowledged that Cambodia and China have cooperated to tackle internet scamming, fraud and other cross border crimes, but insisted that the “Kingdom of Wonders” is completely peaceful and safe. He welcomed tourists to come and explore its rich heritage. During a

  • UNESCO formally list Battambang gastronomy

    Battambang, renowned for its cultural heritage, has achieved a significant milestone as the first Cambodian municipality to join the UNESCO Creative Cities Network (UCCN). The UCCN unites nearly 300 cities prioritising creativity and cultural industries in local development plans and international cooperation. On World Cities Day,

  • Cambodia pivots to solar, wind energy

    Cambodia is planning a move towards solar and wind energy to meet its rising power demands, according to Minister of Mines and Energy Keo Rottanak. On the sidelines of the Singapore International Energy Week event held recently, Rottanak emphasised the urgency of diversifying Cambodia’s

  • Angkor causeway symbol of Cambodia-Japan ties

    In a historic moment marking another milestone in the 70-year-long diplomatic relations between Cambodia and Japan, King Norodom Sihamoni celebrated the formal inauguration of a causeway located to the west of the world-renowned Angkor Wat. While presiding over the November 4 ceremony, the King emphasised the

  • Manet calls for Cambodia’s railways to get back on track

    Prime Minister Hun Manet has instructed the relevant authorities to expedite studies into upgrades to the Phnom Penh to Preah Sihanouk railway line. He suggested that the maximum speed on the line should be increased to 80km/h, in order to expedite the transportation of