SEB, Swedfund sign pact on variable solar study

Date:

KUCHING: Sarawak Energy Berhad (SEB) and Swedfund International AB signed a grant agreement on Oct 20 to study the limits of Variable Renewable Energy (VRE) Penetration in Sarawak.

In a statement today (Oct 26), SEB stated that under the agreement, Swedfund International AB would fund its study to determine the acceptable limits of variable solar into the future grid system without affecting the state’s energy stability and reliability.

Speaking at the virtual signing ceremony then, SEB group chief executive officer Datuk Sharbini Suhaili stated that hydropower resources had allowed SEB to generate predominantly renewable, reliable and affordable energy for the socio-economic development of Sarawak and beyond.

He pointed out that this was in line with the United Nations’ (UN) Sustainable Development Goals (SDG) and global effort to combat climate change.

“This has been proven effective as we are able to provide our people with affordable and clean energy, attract investments into Sarawak, and significantly decarbonise our power system by over 70 percent from 2011 to 2020.

“We will continue to maintain a predominance of renewable hydropower and target to incorporate 300MW of large scale solar in our generation mix by 2030.

“SEB is Malaysia’s largest renewable energy developer and primary power utility for Sarawak, with a vision to achieve sustainable growth and prosperity for the state by meeting the region’s need for reliable, renewable and affordable energy,” he said.

Sharbini also thanked Swedfund International AB for offering to finance VRE Penetration study as the result for the study could help SEB to better plan the integration of solar into Sarawak’s future grid system.

Meanwhile, chief executive officer of Swedfund International AB Maria Håkansson stated that it was pleased to have signed the grant agreement with SEB.

“It enables us to move forward with the important study on VRE Penetration as well as it launches a collaboration which we hope will be mutually fruitful and long lasting.

“For Swedfund, it is of great value to support SEB in the transition towards reducing CO2 emissions as fighting climate change and its consequences is a key element in Swedfund’s mission to reduce poverty,” she said.

During the signing ceremony, SEB was represented by Sharbini and senior vice president for legal, land and company secretary James Paul while Swedfund International AB was represented by Maria and legal counsel Philip Reznik.

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