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Politics
Malaysia aims to pass feed-in tariffs by the third quarter
Malaysia aims to implement feed-in tariffs (FIT) for renewables later = this=20 year, a move that will hasten the rise of green energy capacity and = reduce=20 carbon emissions, a local official has said.
Ir Ahmad Hadri Haris, chief technical advisor for the
"We are preparing the infrastructure and implementation procedures." =
The FIT mechanism prioritises electricity generated from indigenous = renewable=20 energy resources to be purchased by power utilities at a fixed premium = price for=20 a specific duration.
Countries such as Germany, Italy, Spain and Thailand have = successfully=20 adopted FIT mechanisms.
Ir Hadri says Malaysia=92s renewables market has failed to grow = significantly=20 due to the power utilities having a monopoly.
=93If we never address this issue it will never become market = driven,=94 Ir Hadri=20 told delegates at an industry conference held in Singapore.
=93The Malaysian government is motivated to address this issue and = turn around=20 this deadlock.=94
Dato=92 Sri Peter Chin, Minister for Energy, Green Technology and = Water,=20 cautioned that FIT is not designed to allow excessive profiteering by = renewables=20 businesses, but to remove market barriers for the public to work = alongside the=20 government to generate green and sustainable electricity.
The FIT policy falls under the country=92s National Renewable Energy = Policy and=20 Action Plan.
It could, on a cumulative basis, help Malaysia stop emitting 42m = tonnes of=20 carbon dioxide by 2020.
This will be achieved if the country generates at least 2 gigawatts = in=20 renewables.
Published: Monday, May 24 2010
Turbine giant Goldwind to =
launch $1.3=20
billion initial public offering
May 24 17:35 =
CEST=20
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