Malaysia’s 460 MW solar tender has been oversubscribed almost four times. The Energy Commission received technical bids from 116 bidders totaling 1,632 MW.
The solar projects will be developed in Peninsular Malaysia and the Sabah/Labuan region. In Peninsular Malaysia, developers bid for project sizes in the range of 1 MW to 30 MW, and in the Sabah/Labuan region, bids were for projects in the range of 1 MW to 10 MW.
The tariffs quoted ranges between a high of RM 0.5300 (~$0.12) and a low of RM 0.3398 (~$0.08). The lowest price quoted was for a 30 MW solar project.
Mercom’s source at Suruhanjaya Tenaga said, “Most of the low bidders are companies who were successful in the March 2016 tender; they are the ones driving this tender.” The projects must be linked to the grid by end of FY 2019-20, added the source. The names of bidders were not disclosed.
Saumy is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism & Mass Communication from the Manipal Institute of Communication at Manipal University. More articles from Saumy Prateek.