TNB To Make First FiT Payment
MANJUNG: Tenaga Nasional Bhd (TNB), which is expected to pay RM300mil a year to Sustainable Energy Development Authority (Seda) for feed-in-tariff (FiT), will make its first payment next week, according to (Renewable Energy and Green Technology), customer service and metering, distribution division head Abdul Rahim Jamil.
“If you take TNB’s revenue for one year, it’s about RM30bil. So the 1% of that (for renewable energy fund) is about RM300mil. That is the estimate the Government is using to gauge the collection. But of course, the real payment would depend on how much we can collect from our customers,” he said at a briefing on Monday.
Abdul Rahim said TNB first payment to be made would be for the month of December but it would not be substantial as FiT had just started.
“According to the law, we have to pay Seda by April for December payment. By next week, we should be paying Seda for December’s. January’s payment to the RE (renewable energy) fund will be in May, February’s payment in June. There’s a lag of about four months,” he said.
The lag period, he said, was mainly because of the collection from TNB’s customers. TNB customers are generally given 30 days to pay their bills and some do not pay their bills on time, thus making it difficult for TNB.
Seda is expecting 985MW or 6% of total country’s energy mix to come from RE in 2015 and currently 68.45MW are connected to the grid.
As at Feb 29, Seda has approved 377 applications for RE with installed capacity of 311.56MW. Of the amount, 140.03MW installed capacity was from solar photovoltaic (PV).
On the signing of renewable energy power purchase agreement (REPPA), Abdul Rahim said TNB was still within its timeline.
He said the REPPAs were signed with small solar PV producers and TNB would be signing with bigger producers soon. — By Leong Hung Yee
SOURCE: Ditrolic Solar Technology
