Asia Poly’s bio-gas project gets feed-in approval from govt

KUALA LUMPUR: Asia Poly Holdings Bhd’s biogas project in Jeli, Kelantan has received the feed-in approval from the government to supply power to Tenaga Nasional for 21 years at a feed-in-tariff rate of up to 38.3 sen per k/ Wh.

The company said in a statement yesterday that its subsidiary Asia Poly Bio Gas Sdn Bhd was granted the approval from the Sustainable Energy Development Authority (Seda) for the feed-in-tariff to start on Sept 30, 2022.

Its unit Asia Poly Green Energy Sdn Bhd owns 51% of Asia Poly Bio Gas, while Musteq Green Renewable Sdn Bhd holds the 49% stake.

“The rationale of venturing into the bio-gas project is to create a steady income for Asia Poly Group, ” it said.

The company added it expected the project to contribute positively to the group’s earnings and net assets in the future.

Asia Poly said the 38.3 sen per k/wh depended on the installed capacity, gas engine technology, additional use of sewage or agricultural

The rationale of venturing into the bio-gas project is to create a steady income for Asia Poly Group.

Asia Poly Holdings Bhd

waste.

The basic FIT rates for a plant with an installed capacity of up to 5MW is 23.5 sen.

If the plant has gas engine technology with electrical efficiency of above 40%, the rate increases by 1.99 sen; additional for use of locally manufactured or assembled gas engine technology is five sen.

If it uses landfill, sewage gas or agricultural waste including animal waste as fuel source, the rate increases by 7.86 sen.