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Comtec Solar International (M) Sdn Bhd signs Power Purchase Agreement with Sarawak Energy
KUCHING, 14th NOVEMBER 2014, FRIDAY: Sarawak’s dynamic investment outlook has led to the signing of a Power Purchase Agreement (PPA) between Sarawak Energy, through its wholly-owned subsidiary company Syarikat SESCO Berhad (SESCO), and Comtec Solar International (M) Sdn Bhd today.
The PPA is for the supply of 15MW of power for the first phase of the solar manufacturing plant that is expected to come online next month.
Comtec Solar is investing RM1.2billion in its set up at Samajaya Free Industrial Zone and the plant will produce an annual production capacity of 500MW for high efficiency Solar Wafer and 300MW of Solar Ingot for Phase 1 and total capacity of production for both Wafer and Ingot will be 1GW each upon the full completion of the plant.
And this Kuching plant is going to be one of the world’s biggest N-type wafer plant upon full completion. The plant will also provide an estimated 1,300 direct and indirect job opportunities for Sarawakians. Signing for Sarawak Energy were its Chief Executive Officer Datuk Torstein Dale Sjotveit and the company’s General Manager for Legal Stephanie Gae Chin while signing for Comtec Solar were its Managing Director Isabel Kow and its Utility Department Manager Cheng Yuwei.
At the brief ceremony, Datuk Torstein said: “The good number of investment that is coming in says a lot about the confidence investors have in Sarawak. The State has built its reputation in providing a conducive and stable surrounding for businesses and this will only strengthen its economy further. Gradually, we will see the reality of SCORE and its benefits to Sarawakians.
“Sarawak Energy will continue to play a key role in supporting the development in Sarawak by powering up the industries. Through pursuing hydropower, we are confident that we will be able to meet the State’s energy demand by harnessing this sustainable and renewable energy source.”
Adding on, Kow said Comtec Solar including our Chairman, John Zhang, is confident in its choice to invest in Sarawak given the State Government has in place a comprehensive plan to develop the economy. She also believes this partnership with Sarawak Energy will realise Comtec Solar’s establishment and production in the state.
To date, Sarawak Energy has signed 13 agreements with a total supply of 2,584MW.
Being the catalyst of the State’s SCORE agenda, Sarawak Energy is committed towards 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