Topic > Renewable Energy in East Malaysia - 1367

Taking advantage of renewable energy sources, with thousands of kilometers of rivers, lots of sunshine and an agricultural sector capable of contributing to biomass energy production, Malaysia demonstrates great potential for a generation of renewable energy. These benefits are also key to crucial investment decisions for investors. In East Malaysia, the land mass of Sarawak is crisscrossed by a network of rivers and is constantly swollen by heavy annual rainfall which presents enormous potential for hydroelectric power source. The Sarawak Corridor (SCORE) for Renewable Energy is encapsulated in the national mission to achieve development within the state of Sarawak and Malaysia as a whole and to transform Sarawak into a developed state in the near future. It aims to achieve the goal of economic growth and development, as well as improving the quality of life of the people of Sarawak. SCORE is located in the central region of Sarawak, which extends approximately 320km along the coast of Tanjung Manis and Similakau, where the development area covers 70,000 square kilometres. The core of SCORE is notably hydropower of 28,000 MV, coal with 1.46 billion tonnes and natural gas with 40.9 trillion standard cubic feet found in abundance in the central region of Sarawak state. These huge energy sources will allow Sarawak to competitively price its energy and encourage investment in power generation and energy-intensive industries. This will act as a stimulus for Sarawak's development through SCORE and exports to neighboring countries. Furthermore, Malaysia also focuses on solar energy due to the warm climate throughout the year, which makes the use of solar energy practical. Its location in the equatorial region is...... at the center of the energy map, towards a more renewable energy resource have fostered the need for the Malaysian government to set explicit targets for the sustainable growth of the energy sector. Energy policy in Malaysia has been developed fairly and safely, consistent with the development of new renewable energy sources which are still new and imminent. With PETRONAS and Tenaga Nasional Berhad as Malaysia's two largest government stakeholders in energy production, the Malaysian government has introduced several policy tools to strengthen competition in the country, which is capable of assisting the struggling Small Renewable Energy Program (SREP). to enter the market for renewable energy as it involves a very large sum of money. The range of policy instruments includes, but is not limited to, the Income Tax Act of 1967, the Renewable Energy Act, the Renewable Energy Fund and feed-in tariffs.