Danish Power Contract In Malaysia

The new
Danish Ambassador to Malaysia,
Svend Waever took part in a ceremony after the signing of agreement for Clean
Development Mechanism (CDM) projects between the Danish Ministry of Climate and
Energy and Mistral Engineering Sdn Bhd, a subsidiary of Cepatwawasan. An
agreement was also signed between Nordjysk Elhandel A/S and Mistral Engineering
and Cash Horse (M) Sdn Bhd.

    Cash Horse
is also a subsidiary of Cepatwawasan, while Nordjysk Elhandel is a Danish
private limited company involved in trading and generation of power.

   
Cepatwawasan’s
two green bio-energy projects at the Prolific Yield Palm Oil Mill in Sandakan, Sabah, will
utilise all waste products from the palm oil milling process and turn it into
electricity.

   
The
projects have been endorsed by the Energy, Water and Communications Ministry
under the Small Renewable Energy Programme (SREP) to supply green power to the
electricity grid.

   
The
projects — Biogas Energy Plant, at RM20 million cost, will be generating about
three megawatt of power for supply to the grid of SESB, while the Biomass
Energy Plant to cost RM60 million, will be able to export 10 megawatt of power
to the grid of SESB.

    “The
total cost of RM80 million will come from internally generated funds and from
project financing mainly using the Repa. The construction is expected to
commence mid next year and we expect it to be completed by 2010,” executive
chairman Datuk Mah King Thian said.

    
Cepatwawasan’s
two bio-energy projects are expected to be registered for the CDM, which is
part of the United Nations Framework Convention for Climate Change and the
Kyoto Protocol.

   
CDM allows
emission reducing projects to generate carbon credits and trade these with
countries, which have binding targets for emission reductions under the Kyoto
Protocol.

   
Meanwhile,
Waever said through the CDM, Denmark
will assist Danish companies to enter the Malaysian market as there is a vast
potential for CDM projects in Malaysia.

   
On the
impact of the global financial crisis on trade between Denmark and Malaysia,
he said the Danish Embassy expected bilateral trade to increase with Malaysia as the
country was not expected to be very much affected by the crisis.

   
He said
Danish exports to Malaysia
increased by almost 20 percent year-on-year from 2006-2007 within various
sectors particularly in the areas of pharmaceuticals and food.

 

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