NEWS & UPDATES
Sarawak Energy Signs PPA With Iwatani-SIG Industrial Gases Sdn Bhd
KUCHING, 19th September 2014, FRIDAY: Sarawak Energy yesterday entered into a Power Purchase Agreement (PPA) with IWATANI-SIG Industrial Gases Sdn Bhd, a one-stop industrial gas solutions and service company, for the supply of power to an industrial gas manufacturing plant located in the Samalaju Industrial Park.
The signing is a beginning of a new partnership between both sides and reflects the strong demand for energy in Sarawak. To date, Sarawak Energy has signed 13 agreements with a total supply of 2,585 MW.
Signing for Sarawak Energy was its Chief Executive Officer Datuk Torstein Dale Sjotveit witnessed by General Manager for Legal Stephanie Gae Chin while signing for IWATANI-SIG was its Managing Director Shinya Kotera and witnessed by SIG Gases Berhad Executive Director Lau Cheng Ming.
During the signing ceremony at Menara Sarawak Energy, Datuk Torstein said Sarawak Energy was always pleased to support investors to Sarawak as this would only boost further economic development of the state particularly under the Sarawak Corridor of Renewable Energy initiative.
“We will support IWATANI-SIG in its efforts to move forward and grow in Sarawak. Coming from Japan, and being well-versed with improvement processes, I am sure we can learn from IWATANI-SIG as continuous improvement is significant to an organisation,” he said.
Kotera later reciprocated that the company looks forward to more cooperation with the state-owned utility provider. “We are pleased to be able to establish this solid partnership with Sarawak Energy. No doubt this will benefit both sides as we contribute to the economic growth of Sarawak,” he said.
IWATANI-SIG plays a crucial supporting role to SCORE customers in the supply of oxygen, nitrogen and other industrial gases. It is currently in the midst of expanding its operations to manufacture liquid nitrogen and liquid oxygen with the building of a new air separation unit in Samalaju Industrial Park, set to complete by the end of this year. This new unit will allow sufficient supply to IWATANI-SIG customers in Sarawak, Sabah and Brunei. Large industrial customers receiving supply from the company includes Tokuyama.
Sarawak Energy is supporting the State’s SCORE agenda by harnessing the abundant hydroelectricity resources in a sustainable manner, compliant with Sarawak and Malaysian law and guided by international best practices. Sarawak Energy’s projections indicate that by the middle of the next decade, residential, retail and commercial customers in Sarawak will require 2,000 MW while SCORE customers will consume at least 6,000 MW. The State’s GDP is expected to expand 5-fold by 2030, with approximately 1.6 million jobs to be created when SCORE is fully operational.