[ad_1]
KUALA LUMPUR, Might 23 — The federal government is anticipated to announce the electrical energy tariff adjustment for home customers within the T20 revenue group quickly, stated Pure Sources, Atmosphere, and Local weather Change Minister Nik Nazmi Nik Ahmad.
He stated the federal government should take note of numerous components together with the development of coal and fuel costs which have stabilised as in comparison with the previous few years, earlier than adjusting the electrical energy tariff.
“Beforehand, we’ve got lengthy saved the worth (of coal and fuel gasoline) very low…that’s why the tariff enhance is sort of drastic. So that could be a issue to contemplate.
“God prepared, we’ll announce it within the close to future, give us time. I’ve not even mentioned it with the Cupboard,” he advised reporters after officiating the Asean Inexperienced Hydrogen Convention (AseanGH2) 2023 right here at the moment.
He stated the adjustment shall be made based mostly on the Imbalance Value Move-By way of (ICPT) mechanism for a interval of six months, ranging from July to December this yr.
Yesterday, Prime Minister Datuk Seri Anwar Ibrahim stated that these within the T20 group wouldn’t profit from electrical energy subsidies and haj monetary help.
In the meantime, Nik Nazmi stated the federal government has saved greater than RM4 billion from the RM15 billion allotted for flood mitigation initiatives introduced by the earlier authorities.
He stated the financial savings have been the results of a greater procurement methodology applied by the federal government by means of open tenders.
Earlier in his speech, Nik Nazmi stated he believed that Asean nations have the potential to grow to be the main inexperienced hydrogen hub resulting from their abundance of renewable power sources and strategic location.
He stated that in accordance with the Worldwide Renewable Power Company (IRENA), Asean has the potential to generate greater than 800 gigawatts (GW) of photo voltaic power, 300 GW of wind power, and 200 GW of hydropower.
Nik Nazmi stated the area’s considerable renewable power sources present a aggressive benefit for producing inexperienced hydrogen, which requires massive quantities of renewable electrical energy.
“We’re additionally blessed to be in strategic positions for exporting inexperienced hydrogen to different nations, the place Asean has entry to main delivery lanes, which can be utilized to move inexperienced hydrogen to markets in Asia, Europe, and different areas whereas being near main demand centres for inexperienced hydrogen, akin to Japan, South Korea, and China.
“It is going to be a fantastic waste if we, as Asean, fail to take this chance to collaborate and take the lead in turning into a serious inexperienced hydrogen hub within the world market,” he stated. — Bernama
[ad_2]
Source link
