Latest Event Highlights

Sarawak Energy Seals Power Deal With Tokuyama

Sarawak Energy Berhad recently signed a Power Purchase Agreement (PPA) with Tokuyama Malaysia Sdn Bhd for the supply and sale of 140MW of power for the 1st Phase of its project at the Samalaju Industrial Park in Bintulu over a 10 year period. Tokuyama’s investment in Sarawak, including polycrystalline silicon manufacturing facility that will cost RM3billion, will inject vital funds into the State’s economy and create up to 500 new jobs based on the commitment for Phase 1.

With the conclusion of the Phase 1 of the PPA with Tokuyama, combined with the implementing power requirement for Phase II of 220MW, Sarawak Energy has firmly secured sales of about 1,800 MW of power to SCORE customers. This represents 75 per cent of Sarawak energy’s supply capacity of about 2,400 MW from both the Bakun (1,771MW) and Murum (635MW) hydro-electric dams.

At the ceremony, Chief Executive Officer of Sarawak Energy Berhad, Mr Torstein Dale Sjotveit said, “Today marks another important milestone in the growth of Sarawak Energy into an international energy provider. Sarawak Energy fully embraces its role as a catalyst for the growth in the SCORE initiative and we are proud to announce another significant achievement in the push towards a high income economy by 2020. Sarawak Energy is in a position to provide competitive and clean power to energy-intensive industries and today’s PPA signing is the 3rd we have secured in 2012. The PPA signed will increase awareness for Sarawak Energy as an international player and put Sarawak on the world map, opening up more opportunities for future investment’.

Present to witness the signing, was The Right Honourable Pehin Sri Haji Abdul Taib Mahmud, Chief Minister of Sarawak accompanied by The Honourable Deputy Chief Minister, Datuk Patinggi Tan Sri (Dr.) Alfred Jabu Anak Numpang, assistant ministers, heads of government departments and agencies.

On a different note, The Right Honourable Pehin Sri Haji Abdul Taib Mahmud in his keynote address said, ‘The success of implementing the new township project in the Baram District would rely on the support of and cooperation of all communities in the area’. He added, ‘What is best for the affected residents is not just resettlement as a result of the Baram hydro-electric dam project. If they agree, the state and the federal government will be very happy to look into developing a new township for them. This would catalyse a big transformation for Baram District’.

However, he said, ‘More people there had begun to understand the potential and benefits that they would enjoy through the implementation of the project, which was planned to 1,000 MW capacity. The Baram hydro-electric project, along with similar projects in Bakun and Murum, would allow the state to generate up to 4,000MW of electricity’.