Malaysian watchdog refutes speculation of early renewable licences allocation - report
(SeeNews) – Nov 17, 2011 - Malaysia's Sustainable Energy Development Authority (SEDA) has sought to reject rumours that it had begun allocating licences under its feed-in tariff scheme ahead of the official start date, the Star Online reported today, citing an official from the watchdog.
The official said that no licences had been awarded so far and that the allocation would commence on December 1, the official date.
Companies such as Cypark Resources Bhd (KUL:CYPARK), MMC Corp Bhd (KUL:MMCCORP), Fitters Diversified Bhd (KUL:FITTERS), Berjaya Corp Bhd (KUL:BJCORP) and KUB Malaysia Bhd (KUL:KUB) have expressed interest in making use of the renewable energy support scheme.
Cypark group chief executive Daud Ahmad said the company had secured all necessary approvals for FiT but noted the quota would be officially allocated next month.
Cypark recently spent MYR 94.29 million (USD 29.9m/EUR 22.1m) on establishing a renewable energy complex including a 2-MW biogas plant and an 8-MW solar energy facility.