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Sidek’s family ‘controlling solar power sale’

 | July 10, 2012

The daughter of the former chief secretary to the government is said to monopolise the the newly introduced resalable alternative energy scheme.

FULL REPORT

PETALING JAYA: Pakatan Rakyat alleged today that the daughter of the former chief secretary to the government has monopoly over the newly introduced resalable alternative energy scheme and wants Putrajaya to respond immediately.

DAP national publicity chief Tony Pua claimed research shows that Suzi Suliana, the daughter of Mohd Sidek Hassan, controls more than 32% or 45MW from the quota set for solar energy via the Feed-In Tariff (FiT) mechanism, far above the limit of 1MW-5W to companies.

Under the FiT programme, power generated from renewable energy would be resold through the Sustainable Energy Development Authority.

The energy is sold back to consumers by Tenaga Nasional Bhd at a subsidised price.

This is provided for under the Sustainable Energy Development Authority Act 2011.

The FiT scheme was aimed at developing the use of renewable energy in the country and is funded by the public via the consumers through a 1% increase in power rates for those using more than 300kWh.

The programme falls under the purview of the Energy, Green Technology and Water Ministry, which promised to prevent monopolisation and favouritism to any FiT applicants.

Suzi, however, was said to have secured the contracts through direct ownership of three companies and nine others through partnerships despite the government’s pledge to disallow any form of preferential treatment.

Less for big players

The companies are Sun Energy Ventures Sdn Bhd which owns 98% of three other companies – Hundred Tech Sdn Bhd, Indo Eagle Sdn Bhd and Sharp Crest Sdn Bhd, which then holds 51% stakes in nine other companies.

“What is more shocking is the fact that all of these companies except for Sun Ventures (May 2010) and Uptown Sdn Bhd (September 2011), were set up only in November,” Pua told reporters here.

This is less than a month before applications for the permits were supposed to have been given out in December 2011, added the Petaling Jaya Utara MP.

“It only proves that none of these companies have any track record or experience with solar power generation but they were still given the lion’s share of the lucrative power quota,” Pua said.

All these companies secured quotas far above those allocated for established players like Cypark and Petronas Power which received 9.2% and 7.1% respectively.

The DAP leader said energy minister Peter Chin and Seda chairman Fong Chan Onn must now explain to the public on the alleged discrepancy in the contract award process.

“The award has also created a lot of disquiet and unhappiness in the renewable energy industry, with many players claiming foul play and favouritism in the award of the quota.”


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