Sarawak announces Hydro power deal

While remaining tightlipped about many key details, the Chief Minister of Sarawak announced a deal in which Sarawak Energy and Sarawak Hidro will secure a power purchase agreement for rights to the Bakun dam.  When fully operational, the dam can produce up to 2,400 megawatts of electricity, which will be used specifically for Sarawak industries.  It currently produces about 300 megawatts while still under construction.

Officials refused to disclose the rate secured for electricity in the contract, but called it “favorable” to the state.  Nor would they discuss the rate that they anticipated to charge.  They will also impose an undefined water levy on Sarawak Hidro annually.

 



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While remaining tightlipped about many key details, the Chief Minister of Sarawak announced a deal in which Sarawak Energy and Sarawak Hidro will secure a power purchase agreement for rights to the Bakun dam.  When fully operational, the dam can produce up to 2,400 megawatts of electricity, which will be used specifically for Sarawak industries.  It currently produces about 300 megawatts while still under construction. Officials refused to disclose the rate secured for electricity in the contract, but called it “favorable” to the state.  Nor would they discuss the rate that they anticipated to charge.  They will also impose an...

While remaining tightlipped about many key details, the Chief Minister of Sarawak announced a deal in which Sarawak Energy and Sarawak Hidro will secure a power purchase agreement for rights to the Bakun dam.  When fully operational, the dam can produce up to 2,400 megawatts of electricity, which will be used specifically for Sarawak industries.  It currently produces about 300 megawatts while still under construction.

Officials refused to disclose the rate secured for electricity in the contract, but called it “favorable” to the state.  Nor would they discuss the rate that they anticipated to charge.  They will also impose an undefined water levy on Sarawak Hidro annually.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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