Media Statement by Dr. Ong Kian Ming, MP for Serdang, on the 21st of April, 2014
According to the Sustainable Energy Development Authority 2012 Annual Report, the total approved capacity under the FiT scheme was 183.41MW in 2012 and 144.18MW for 2013 giving a total of 327.59MW for the years 2012 and 2013. (See “Exhibit 4” below)
Unfortunately, as of the 17th of April, 2014, only 100.71MW was installed for 2012 and 83.41MW was installed for 2013 giving a total of 184.12MW for 2012 and 2013. (See “Operational Plants” below)
This means that only 56% (184MW out of 328MW) of the quota for 2012 and 2013 has been successfully installed.
SEDA’s Annual Report 2012 shows that the current assets of SEDA has increased from RM330 million in 2011 to RM561 million, an increase of RM231 million or a 70% increase. If SEDA cannot show that it can achieve installation of its distributed quota from 2012 and 2013, how can it justify asking for consumers to pay more by increasing the contribution to the Renewable Energy (RE) Fund from 1% to 1.6% for usage above 300kWh per month?
The increase in the RE fund in 2014 surcharge will only add to the cash reserves of SEDA without increasing SEDA’s ability to achieve its installation targets. Thus far, the results for 2014 have not been very positive. As of today, only 0.27MW of RE energy under the FiT scheme has been installed according to SEDA’s website. This represents a pitiful 0.3% of the 101MW allocated under the 2014 quota thus far.
SEDA needs to explain its poor performance and justify why consumers need to contribute more to the RE fund in 2014 and beyond in light of this poor performance.