ID :
179967
Wed, 05/04/2011 - 16:05
Auther :
Shortlink :
https://oananews.org//node/179967
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BIG POTENTIAL FOR MALAYSIA IN RENEWABLE ENERGY, SAYS MGCC
KUALA LUMPUR, May 4 (Bernama) -- The potential for Malaysia in the renewable
energy sector is very high as it has plenty of resources, such as oil palm
waste, that can be capitalised to generate biomass energy, says the
Malaysian-German Chamber of Commerce and Industry (MGCC).
The new Feed-in-Tariff (FIT) system to be introduced next month in Malaysia,
will be the tool to emerge very strong in renewable energy, and it will enable
the green industry to grow, said MGCC general manager Thomas Brandt at a media
briefing here Wednesday.
The new FIT system is expected to enable consumers and companies to generate
renewable energy and sell it back to utility companies and distributors for a
fixed number of years and among the current eligible resources for the FIT
programme in Malaysia are biomass, biogas, mini-hydro and solar energy.
Today's briefing meanwhile was on the visit to Germany by the
Solar-Greentech delegation from Malaysia this June which is expected to focus on
the areas of solar technology, green township and green building.
On employment opportunities in the renewable energy sector, Brandt said in
Germany where the industry has been developed over the past 10 years, employment
opportunities have increased from initially 30,000 to nearly 500,000 now with
those with high skills enjoying high income.
There is therefore the great potential for a high degree of employment
as well as secured employment and high income which is the target of the
government and this will be in line with the development of the sector, Brandt
said.
He said German companies were also interested to partner local palm
oil millers as they had the technology to generate electricity from biomass
and Malaysia had plenty of resources with a reasonable cost of production.
He also said that local palm oil millers were currently not interested to
invest in the sector due to the lower tariff and returns.
However, if the government increases the electricity tariff, currently at 21
sen to 40 sen for a period of 20 years, although the initial investment will be
expensive, they would be willing to invest as after six to seven years, they
would be able to make good money, he suggested.
energy sector is very high as it has plenty of resources, such as oil palm
waste, that can be capitalised to generate biomass energy, says the
Malaysian-German Chamber of Commerce and Industry (MGCC).
The new Feed-in-Tariff (FIT) system to be introduced next month in Malaysia,
will be the tool to emerge very strong in renewable energy, and it will enable
the green industry to grow, said MGCC general manager Thomas Brandt at a media
briefing here Wednesday.
The new FIT system is expected to enable consumers and companies to generate
renewable energy and sell it back to utility companies and distributors for a
fixed number of years and among the current eligible resources for the FIT
programme in Malaysia are biomass, biogas, mini-hydro and solar energy.
Today's briefing meanwhile was on the visit to Germany by the
Solar-Greentech delegation from Malaysia this June which is expected to focus on
the areas of solar technology, green township and green building.
On employment opportunities in the renewable energy sector, Brandt said in
Germany where the industry has been developed over the past 10 years, employment
opportunities have increased from initially 30,000 to nearly 500,000 now with
those with high skills enjoying high income.
There is therefore the great potential for a high degree of employment
as well as secured employment and high income which is the target of the
government and this will be in line with the development of the sector, Brandt
said.
He said German companies were also interested to partner local palm
oil millers as they had the technology to generate electricity from biomass
and Malaysia had plenty of resources with a reasonable cost of production.
He also said that local palm oil millers were currently not interested to
invest in the sector due to the lower tariff and returns.
However, if the government increases the electricity tariff, currently at 21
sen to 40 sen for a period of 20 years, although the initial investment will be
expensive, they would be willing to invest as after six to seven years, they
would be able to make good money, he suggested.
