Search

Investments in SCORE worth over RM104 bln by this Dec

Facebook
Twitter
WhatsApp
Telegram
Email

KUCHING: The Sarawak Corridor of Renewable Energy (SCORE) is one of the five economic development corridors which leverage on vast hydropower potentials to spur economic development in the state. Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan said Sarawak endowed with vast river streams, that if fully developed, it would be able to generate about 8,000 Megawatt of electricity.

He said currently, the generation mix is 75 per cent from renewable hydro and 25 per cent from gas and coal resources to maintain diversity and security of supply.

“As a result of our ability to provide quality and reliable power at competitive prices, to date we are able to attract RM33.64 billion worth of investment in SCORE, mainly in energy intensive industry in Samalaju Industrial Park (SIP).

“The total private and public sector investment in SCORE is more than RM104 billion as of December 2017,” said Tengah in his keynote address during the World International Islamic Forum 2017 held at Borneo Convention Centre Kuching (BCCK), yesterday. He noted that the existence of trigger industries in Samalaju has well-positioned the State to develop industrial cluster for these industries.

“For that reason we are now targeting the value adding and downstream industries to utilise the raw materials from the existing trigger industries, particularly to develop our Small and Medium Enterprises (SMEs) clusters. “Among the potential downstream industries include aluminium alloy, rods, cables, among many others,” Tengah said.

On another matter, Tengah, who is Second Minister of Urban De v e l o pment and Na tur a l Resources said the State government had also encouraged the establishment of industrial trees with fast growing species such as acacia, in order to sustain the timber resources and relive the pressure from natural forest. He said one million hectares of land are the relief for the pressure from natural forest.

“One million hectares of land are being earmarked for industrial trees and currently more than 400,000 hectares have been planted. “As at December 2016, we have planted 1.5 million hectares of oil palm against the target of two million hectares by 2020,” said Tengah.

He also pointed out that with large potential biomass supply estimated at 19 million dry tonnes, Sarawak aims to be Asia’s First Integrated Biomass Hub. “The biomass supply is available at competitive cost and concerntrated in four main clusters, namely oil palm plantations, timber and rubber plantations, CPO mills and wood products,” he said.

Download from Apple Store or Play Store.