Malaysian Budget 2011 – Infrastructure Development

 Green Technology, Politics
Oct 172010
 

Kuala Lumpur - In the PM’s speech to introduce the Malaysia Budget 2011 it has been annouced to “Enhance Quality of Life of Rural Population”. In order to support these activites in the budget 2011 alone are allocated

  • MYR 2.1billion (app 500Mio EURO) for building and upgrading rural roads in Sabah and Sarawak,
  • MYR 2.7billion (app 650Mio EURO) for providing water and electricity supply in rural areas of Sabah and Sarawak

Especially the second measure will boost the photovoltaic market in Malaysia, as many of the remote villages in Sabah and Sarawak are far away from the electricity grid. From cost reasons the power supply will be done through hybrid-power-plants (photovoltaic plus diesel generator).

Posted by Dr. Klaus Brachetti, 17.10.2010

Malaysian Budget 2011 – Tax Exemptions for Green Tech

 Green Technology, Politics
Oct 172010
 

Kuala Lumpur - In the PM’s speech to introduce the Malaysia Budget 2011 it has been annouced to introduce tax exemptions in order to directly support companies which are dealing with Green Activities:

  1. Companies which are active in the field of Energy generation out of renewable resources or in the field of Energy Efficiency can apply for the “Pioneer”-Status. This leads to a tax exemption up to 100% for up to 10 years. Optional the “Investment Tax Allowance” could be used to reduce the tax burden by higher depreciation values.
  2. Goods used for the Energy generation out of renewable resources or Energy Efficiency are exempted from Import Duty and Sales Tax.
  3. Income received from trading with “Certified Emission Reduction” certificates is tax exempted.

Posted by Dr. Klaus Brachetti, 17.10.2010

Malaysian Budget 2011 – Feed-in-Tariff

 Green Technology, Politics
Oct 172010
 

Kuala Lumpur – In the PM’s speech to introduce the Malaysia Budget 2011 it has been annouced to introduce a Feed-in-Tariff (FiT) in order to support the development of the production of energy out of renewable sources. Supposedly in the 2nd quarter 2011 it will be possible for individuals and companies to produce electricity and feed it into the national grid. The Renewable Energy Act is defining the boundary conditions.

Currently the act is tabled in the parliament for dicussion, in this version  sources of renewable energy are subsidised – the highest tariff is guaranteed for photovoltaic systems with up to MYR1.78 per kWh – for a runtime of 21 years. In order to keep the effect on the end-consumer prices as small as possible there has been incorporated an annual degression of the tariffs as well as an annual quota for renewable energy.

Posted by Dr. Klaus Brachetti, 17.10.2010

Malaysian Budget 2011 and Green Technology

 Green Technology, Politics
Oct 172010
 

Kuala Lumpur - On the 15th of October 2010 the Malaysian PM Datuk Seri Mohd Najib Tun Abdul Razak introduced the budget 2011 to the parliament. As usual on a Friday afternoon after the prayer.

Najib showed commitment in his speech (full text) to move into Green Technology. Malaysia started already in the past some initiatives to increase the amount of renewable energy – with marginal success only. The 8th Malaysian Plan pinned down a target of 600MW out of renewable energy sources for the year 2005 – actually installed and operating were 12MW in 2005 and up to 2009 the total reached 74.5MW.

The announced measures in the budget are intended to give it a higher momentum.

Posted by Dr. Klaus Brachetti, 17.10.2010

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