Wednesday November 7, 2012
India’s renewable energy industry interested in Malaysia’s feed-in-tariff system
NEW DELHI: India's renewable energy (RE) industry is interested to partake in Malaysia's feed-in-tariff (FiT) system, said TNB Energy Services Sdn Bhd's head (business development), Mohd Azhar Abdul Rahman.“They are keen to know more on micro grid and FiT and are interested to be technology partners,” he said.
The FiT system is Malaysia's new mechanism under the Renewable Energy Policy and Action Plan and the Renewable Energy Act 2011 to catalyse generation of renewable energy, up to 30 MW in size.
This mechanism allows electricity produced from indigenous renewable resources to be sold to power utilities at a fixed premium price for a specific duration.
Mohd Azhar, who participated in the two-day Asean-India Workshop on Cooperation in RE, told Bernama that allowing foreign stake of up to 49% in FiT mechanism was among the attractions to the RE industry in India.
According to Sustainable Energy Development Authority Malaysia, which manages and oversees the FiT system, a company incorporated in Malaysia having a foreign person, (alone or together with other foreign persons), holding no more than 49% of voting power or the issued share capital of such company may also apply for feed-in approvals.
Malaysia, Mohd Azhar said, could also tap into India's technology in RE.
“They are aggressive in RE. Their industry is matured. They have good RE equipment and manufacturers that we can explore and adapt too,” he said.
Among others, Mohd Azhar said, India's solar panels and modules were impressive.“We can explore them further and suit them to our needs,” he said. - Bernama