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KUALA LUMPUR, Nov. 11 – The Energy, Science, Technology, Environment and Climate Change Ministry of Energy, Energy, and Climate Change (2012).
This is now with the electricity supply industry (ESI), now grappling with the escalating global coal price. Eventually, analysts said.
Fifty-three percent of Malaysia's electricity comes from coal, 42 percent of natural gas and the remainder of hydro and RE.
Coal price is currently hovering above US $ 100 per ton, up by more than 100 per cent after reaching a 10-year-low in 2016 when it fell below US $ 50 per ton.
The price increase has lasted to the last century.
Over 60 per cent of the coal is purchased from Indonesia, and the rest of Australia, South Africa and Russia.
"Coal demand in the next two years is expected to remain stable at around current levels," said Hans van Cleef, Senior Energy Economist at ABN Amro.
"Although headlines in the newspapers may be more important, in reality, demand will remain solid in the coming years," he added.
To prepare for this scenario, the industry has taken steps to achieve greater efficiency in power generation through coal power plants.
All new coal-fired power plants use ultra-supercritical (USC) technology that burns less coal for more power, while complying with emission standards.
Tenaga Nasional Bhd's (TNB) 1,000 megawatt (MW) Manjung 4 power plant, which begins operations in 2015, is Southeast Asia's first USC coal fired power plant capable of generating enough electricity for two million households.
Going forward, the government has put in place a few mechanisms to boost RE's contribution in power generation, including Net Energy Metering, Large Scale Solar (LSS), Green Sukuk Financing Scheme and Feed-in Tariff Mechanisms.
As the national utility corporation, TNB is committed to support the government's RE agenda and aspires to be the leading Asean leader in green energy grows.
The company has the largest LSS park with the 50MW project in Kuala Langat, Selangor, and has several joint ventures in biomass and biogas power stations.
TNB's most recent venture is through its RE subsidiary, where the company plans to offer financing self-generation packages for solar photovoltaic panels for residential customers by year-end.
These packages have been made available to commercial and industrial customers.
The government's immediate near-term focus is to explore broad-scale renewable projects that are viable under the same level as fossil fuel-based plants.
This is important to keep prices low in the affordability of electricity tariff.
Through the strong drive by the United States and the United States of America, the United States is one of the world's largest trading centers. – Bernama
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