The Ministry of Energy and Natural Resources

News

  • News
  • 28 May 2020
    • Share

The Ministry of Energy and Natural Resources to Offer 1,000MW Solar Quota Under LSS@MenTARI Programme

The Ministry of Energy and Natural Resources (KeTSA) via the Energy Commission (EC) will open a competitive bidding process for Large Scale Solar (LSS) programme by Malaysia Electricity Industry to Attract Renewable Energy Investment (LSS@MenTARI) starting on May 31.

Its Minister Datuk Dr Shamsul Anuar Nasarah said under LSS@MenTARI, some 1,000 megawatts (MW) of solar quota will be offered through the bidding process, and is open to fully-owned local companies or with at least 75 percent local shareholding for companies listed on Bursa Malaysia.

He said the quota offered this time is the biggest under the LSS programme - during LSS-1 some 370MW solar were offered, LSS-2 (520MW), and for LSS-3 (500MW). These moves are aimed at reviving as well as stimulating the economy that is affected by the COVID-19 pandemic.

"It also aims to accelerate the development of the nation's electricity supply industry especially for renewable energy," he told a press conference on LSS@MenTARI at the EC Perak regional office here, today.

Posted by

The Edge Markets