KUALA LUMPUR, March 4 (Bernama) -- The implementation of renewable energy (RE) exports through the Energy Exchange Malaysia (ENEGEM) is based on excess electricity from the existing electricity supply system, said the Ministry of Energy Transition and Water Transformation (PETRA).
Its Deputy Minister Akmal Nasrullah Mohd Nasir explained that the sale of RE supply from the electricity supply system was made based on the highest bid tariff offer.
He also said that the energy sales were handled by Tenaga Nasional Bhd (TNB), which acted as the government’s representative in the agreement with the buyer from Singapore.
“All income or trade is for the purpose of enforcing the country’s electricity supply system, not for profit,” he said in a question and answer session at the Dewan Rakyat today.
Akmal Nasrullah was replying to a supplementary question from Lee Chean Chung (PH-Petaling Jaya) who wanted to know about the status of ENEGEM implementation and future plans.
Malaysia’s cross-border RE bidding for Singaporean energy importers under the ENEGEM has commenced by the end of 2024.
TNB and Singapore’s licensed electricity importing company Sembcorp Power Pte Ltd signed a renewable energy supply agreement (RESA) on Dec 9, and under the agreement, Singapore agreed to import 50 megawatts of green energy accompanied by RE certificates.
-- BERNAMA
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