Bakun power sold
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Bakun power sold
SEB officials say Score firms are taking up 75% of energy supply
KUCHING: Sarawak Energy Bhd (SEB)
says it has secured sales for most of the electricity output from the
Bakun hydro dam from companies in the Sarawak Corridor of Renewable
Energy (Score).
SEB officials said about 1,800 MW had been sold
to customers, representing 75% of firm supply capacity from the Bakun
and Murum dams.
Bakun is expected to generate a firm supply of
1,771 MW when fully operational next year. Four of the dam's eight
turbines, each with a 300 MW capacity, have been commissioned.
SEB
officials added that new investors coming to SCORE would source their
power supply from the 944 MW Murum dam, which is about 60% completed.
The Murum dam is located upstream of Bakun dam in the upper reaches of
Rejang Basin in central Sarawak and will have a firm output of 635MW
when fully operational in 2014, according to SEB.
Tokuyama Malaysia Sdn Bhd, a pioneer SCORE investor, signed a power-purchase agreement (PPA) with SEB's unit, Syarikat Sesco Bhd,
yesterday for a 10-year supply of 140 MW to its phase I
poly-crystalline silicon plant in Samalaju Industrial Park. The phase
II project currently under way will require another 220 MW.
SEB chief executive officer Torstein Dale Sjotveit and Tokuyama Malaysia president Akira Sanuki signed the PPA, witnessed by Sarawak Chief Minister Tan Sri Abdul Taib Mahmud.
Other pioneer SCORE investors which had earlier sealed the PPAs with SEB for long-term supply were OM Materials (Sarawak) Sdn Bhd (500 MW), Press Metal Bhd (480 MW) and Asia Minerals Ltd (270 MW).
OM Sarawak, which is a 80:20 joint venture between OM Holdings group and Cahya Mata Sarawak Bhd (CMSB),
is investing US$500mil in a manganese and ferro-silicon alloy smelting
plant which is expected to commence production testing from the second
half of 2013.
Press Metal's new aluminium smelter in Samalaju is
expected to start commercial production next month. The new smelter
will have a production capacity of 240,000 tonnes per annum when fully
operational, which is double the capacity of its smelter in Balingian,
Mukah Division.
The Balingian smelter also draws its power supply from the Bakun dam.
Asia
Minerals targets its RM790mil manganese ferro-alloy smelting plant to
begin commercial production in June or July next year.
Speaking
at the PPA signing ceremony, Sjotveit said more PPAs with Score
investors were in the pipeline, adding that SEB was hopeful to ink them
before year-end.
In a release, SEB said to cater to the
increasingly strong power demand from new potential Score investors, it
had embarked on its next phase of generation capacity expansion.
“This
phase includes the development of the Baram dam project where studies,
including soil investigations, and the relevant processes like
community consultations have started.
“SEB is also embarking on
a full-scale social and environmental impact assessment (SEIA) for the
project. The final investment decision on the project will be made upon
completion of the studies and SEIA, and upon getting all the relevant
approvals from the authorities,” it added.
Taib said community leaders in Baram had assured him that they welcomed the dam project which some local villagers had rejected.
The Baram dam project is expected to have an installed capacity of 1,000 MW.
SEB's next phase generation capacity expansion also includes the development of a 600-MW Balingian coal-fired power plant.
Meanwhile, Sanuki said Tokuyama phase I project was 80% completed and would start partial production in June next year.
“The
construction of phase II project started in February this year,” he
added. When fully operational, the plant would have a capacity of 6,000
tonnes per year.
Sanuki said poly-silicon would be used for solar application, a renewable energy like hydro power.
He
said Tokuyama had chosen Sarawak for its second ploy-crystaline silicon
plant due to the availability of cost-competitive power from Bakun.
KUCHING: Sarawak Energy Bhd (SEB)
says it has secured sales for most of the electricity output from the
Bakun hydro dam from companies in the Sarawak Corridor of Renewable
Energy (Score).
SEB officials said about 1,800 MW had been sold
to customers, representing 75% of firm supply capacity from the Bakun
and Murum dams.
Bakun is expected to generate a firm supply of
1,771 MW when fully operational next year. Four of the dam's eight
turbines, each with a 300 MW capacity, have been commissioned.
SEB
officials added that new investors coming to SCORE would source their
power supply from the 944 MW Murum dam, which is about 60% completed.
The Murum dam is located upstream of Bakun dam in the upper reaches of
Rejang Basin in central Sarawak and will have a firm output of 635MW
when fully operational in 2014, according to SEB.
Tokuyama Malaysia Sdn Bhd, a pioneer SCORE investor, signed a power-purchase agreement (PPA) with SEB's unit, Syarikat Sesco Bhd,
yesterday for a 10-year supply of 140 MW to its phase I
poly-crystalline silicon plant in Samalaju Industrial Park. The phase
II project currently under way will require another 220 MW.
SEB chief executive officer Torstein Dale Sjotveit and Tokuyama Malaysia president Akira Sanuki signed the PPA, witnessed by Sarawak Chief Minister Tan Sri Abdul Taib Mahmud.
Other pioneer SCORE investors which had earlier sealed the PPAs with SEB for long-term supply were OM Materials (Sarawak) Sdn Bhd (500 MW), Press Metal Bhd (480 MW) and Asia Minerals Ltd (270 MW).
OM Sarawak, which is a 80:20 joint venture between OM Holdings group and Cahya Mata Sarawak Bhd (CMSB),
is investing US$500mil in a manganese and ferro-silicon alloy smelting
plant which is expected to commence production testing from the second
half of 2013.
Press Metal's new aluminium smelter in Samalaju is
expected to start commercial production next month. The new smelter
will have a production capacity of 240,000 tonnes per annum when fully
operational, which is double the capacity of its smelter in Balingian,
Mukah Division.
The Balingian smelter also draws its power supply from the Bakun dam.
Asia
Minerals targets its RM790mil manganese ferro-alloy smelting plant to
begin commercial production in June or July next year.
Speaking
at the PPA signing ceremony, Sjotveit said more PPAs with Score
investors were in the pipeline, adding that SEB was hopeful to ink them
before year-end.
In a release, SEB said to cater to the
increasingly strong power demand from new potential Score investors, it
had embarked on its next phase of generation capacity expansion.
“This
phase includes the development of the Baram dam project where studies,
including soil investigations, and the relevant processes like
community consultations have started.
“SEB is also embarking on
a full-scale social and environmental impact assessment (SEIA) for the
project. The final investment decision on the project will be made upon
completion of the studies and SEIA, and upon getting all the relevant
approvals from the authorities,” it added.
Taib said community leaders in Baram had assured him that they welcomed the dam project which some local villagers had rejected.
The Baram dam project is expected to have an installed capacity of 1,000 MW.
SEB's next phase generation capacity expansion also includes the development of a 600-MW Balingian coal-fired power plant.
Meanwhile, Sanuki said Tokuyama phase I project was 80% completed and would start partial production in June next year.
“The
construction of phase II project started in February this year,” he
added. When fully operational, the plant would have a capacity of 6,000
tonnes per year.
Sanuki said poly-silicon would be used for solar application, a renewable energy like hydro power.
He
said Tokuyama had chosen Sarawak for its second ploy-crystaline silicon
plant due to the availability of cost-competitive power from Bakun.
hlk- Moderator
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Re: Bakun power sold
need east side people comment, a bit lost here
Cals- Administrator
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Re: Bakun power sold
Hahaha, we at east here also lost. got holland by our very own gov....
maxlee9327- Junior Member
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Negative still
Re: Bakun power sold
1. i dunno state/federal own bakun now, tat day talking seem no outcome,,,,,, so dunno who is owner
2. i believe seb will become a glc soon, now is private, cos govt guarantee is a must to get funding from asia development bank
3. after finish all project on hand it will privatised again XD
4. currently quite alot of prospect coming into score project, ie., a car part manufacturing plant by toyota, a manganese refinery by a jepang company, another refinery oso by hong kong company, oso arr paper plant, chinaman aluminium refinery, and so on, most of then attract by very low cost of electric special rate
5. rio-tinto stepping out, but option still open that they can come back anytime soon,heard say they want to see who is the boss after election afraid jump wrong ship mati
6. currently sarawak arr total power on grid exclude bakun is 1000++MW, cun cun enuf, bakun got 2000MW on top cap, but normall no run top cap, so around 1500MW, count in losses, see it around 1300MW, these will supply to those high electric demand factory under score, especially aluminium, they call it solid electric xD
7. oso looking to supply electric to indon, so electric from bakun will mostly used up
8.baram project after complete will supply for domestic, oso looking to cut down thermal power generation section , ie. coal, diesel(SPC... aging plant)
9. a new coal fired plant will come up , now final stage seem like chinaman fight jepang see who get the contract , think will start end of this year
10. about tokuyama project, the owner so far so good, but the contractor arr kalah $$, after completion of phase one, they discontinue phase two, taken over by new contractor, phase two start in sept this year
11. the is another planned jv power plant by swak&indon govt in ulu ulu area, so far still no much detail, but the coal is sit on border & heard jv is prefer way to develop it.
12. swak have alot of free energy sources(hydro, coal, gas, petrol...), so they aim to develop it & cronie untung at the same time. tauke besar idea is energy will expensive& scarce in future, so develop it now & make $$ in future, no matter how big a company is , if cannot get cheap energy it will fail, & so far the rate on offer here is cheapest
13. so far there is alot of hydro project planned, oso mvoe into strategic partnership with australian tansmania hydro to train & share experience, even thought seem too much project, but they believe after proper develop& utilised these project seem excess now will be chase after by multinational big company cos of expensive energy in future, they have run calculations & seen the outcome is tat.
arr all above is my imagination onli xD
2. i believe seb will become a glc soon, now is private, cos govt guarantee is a must to get funding from asia development bank
3. after finish all project on hand it will privatised again XD
4. currently quite alot of prospect coming into score project, ie., a car part manufacturing plant by toyota, a manganese refinery by a jepang company, another refinery oso by hong kong company, oso arr paper plant, chinaman aluminium refinery, and so on, most of then attract by very low cost of electric special rate
5. rio-tinto stepping out, but option still open that they can come back anytime soon,heard say they want to see who is the boss after election afraid jump wrong ship mati
6. currently sarawak arr total power on grid exclude bakun is 1000++MW, cun cun enuf, bakun got 2000MW on top cap, but normall no run top cap, so around 1500MW, count in losses, see it around 1300MW, these will supply to those high electric demand factory under score, especially aluminium, they call it solid electric xD
7. oso looking to supply electric to indon, so electric from bakun will mostly used up
8.baram project after complete will supply for domestic, oso looking to cut down thermal power generation section , ie. coal, diesel(SPC... aging plant)
9. a new coal fired plant will come up , now final stage seem like chinaman fight jepang see who get the contract , think will start end of this year
10. about tokuyama project, the owner so far so good, but the contractor arr kalah $$, after completion of phase one, they discontinue phase two, taken over by new contractor, phase two start in sept this year
11. the is another planned jv power plant by swak&indon govt in ulu ulu area, so far still no much detail, but the coal is sit on border & heard jv is prefer way to develop it.
12. swak have alot of free energy sources(hydro, coal, gas, petrol...), so they aim to develop it & cronie untung at the same time. tauke besar idea is energy will expensive& scarce in future, so develop it now & make $$ in future, no matter how big a company is , if cannot get cheap energy it will fail, & so far the rate on offer here is cheapest
13. so far there is alot of hydro project planned, oso mvoe into strategic partnership with australian tansmania hydro to train & share experience, even thought seem too much project, but they believe after proper develop& utilised these project seem excess now will be chase after by multinational big company cos of expensive energy in future, they have run calculations & seen the outcome is tat.
arr all above is my imagination onli xD
aam- Senior Member
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Re: Bakun power sold
FUH +1
Cals- Administrator
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Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
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