GOVT TO PUSH R.E. SEC­TOR

Two flag­ship pro­grammes to stim­u­late growth, re­duce CO2 emis­sions

New Straits Times - - Business | News - FRAN­CIS DASS KUALA LUMPUR bt@me­di­aprima.com.my

THE use of re­new­able en­ergy (RE) will gain fur­ther traction this year via the gov­ern­ment’s ini­tia­tives and in­cen­tives aimed at re­duc­ing Malaysia’s car­bon diox­ide (CO2) emis­sions.

Act­ing Deputy En­ergy, Green Tech­nol­ogy and Wa­ter Min­is­ter Datuk Seri De­va­many S. Kr­ish­nasamy said this year would see two RE flag­ship pro­grammes in Malaysia — the Net En­ergy Me­ter­ing (NEM) ini­tia­tive and Large Scale So­lar (LSS) pro­gramme, both fo­cused on stim­u­lat­ing RE growth.

“The NEM ini­tia­tive will not only re­duce elec­tric­ity bills, but will also con­trib­ute to the re­duc­tion of CO2 emis­sions.

“The LSS pro­gramme is es­ti­mated to con­trib­ute 1,000mw via RE sources by 2020,” he said.

He was speak­ing af­ter of­fi­ci­at­ing at the Elec­tric, Power and Re­new­able En­ergy (EPRE) con­fer­ence here yesterday.

He said the main chal­lenge for Malaysia was en­sur­ing the longterm eco­nomic sus­tain­abil­ity of RE.

“We need to im­ple­ment the ap­pro­pri­ate frame­work that al­lows the sec­tor to be­come self-sus­tain­ing, while en­sur­ing it doesn’t bur­den the tax­payer,” he said.

Touch­ing on this year’s In­ter­na­tional Green­tech and Eco Prod­ucts Ex­hi­bi­tion and Con­fer­ence (IGEM), De­va­many said the event was ex­pected to gen­er­ate busi­ness leads val­ued at RM1.6 bil­lion.

The an­nual event, now in its eighth year, will be held at the Kuala Lumpur Con­ven­tion Cen­tre from Oc­to­ber 11 to 13. It will fea­ture 300 ex­hibitors and is ex­pected to draw 30,000 vis­i­tors from 20 coun­tries.

De­va­many said IGEM con­tin­ued to play a piv­otal role in spurring in­ter­na­tional trade in Malaysia.

“IGEM con­tin­ues to ce­ment Malaysia’s po­si­tion as a cen­tre for green tech­nol­ogy and boasts an im­pres­sive track record of gen­er­at­ing busi­ness leads that have cat­a­pulted in­vest­ment in the green sec­tor,” he said.

The min­istry, as the lead or­gan­iser, is tar­get­ing to gen­er­ate RM1.6 bil­lion in busi­ness deals at the event.

IGEM is co-or­gan­ised by the Malaysian Green Tech­nol­ogy Cor­po­ra­tion( Green Tech Malaysia) and Malaysian Ex­hi­bi­tion Ser­vices (MES).

The or­gan­is­ers said IGEM would high­light key sec­tors, such as green trans­port, green build­ings, waste tech­nol­ogy and man­age­ment, wa­ter tech­nol­ogy and man­age­ment and so­lar en­ergy.

IGEM will also see the par­tic­i­pa­tion of the Ja­pan Ex­ter­nal Trade Or­gan­i­sa­tion, Tai­wan Ex­ter­nal Trade Devel­op­ment Coun­cil, and in­ter­na­tional play­ers such as ABB Malaysia, At­lantic Blue, Gad­ing Ken­cana, Han­wha Q-Cell and Itra­mas Man­u­fac­tur­ing.

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