9 September 2002 – Malaysia’s dominant power utility Tenaga Nasional Bhd. (TNB) is prepared to pay a higher price for electricity it sources from smaller generators using renewable energy resources, according to a report in the daily New Straits Times.
TNB has signed two renewable energy purchase agreements with independent power producers Bumibiopower Sdn. Bhd. And Jana Landfill Sdn. Bhd. under the Small Renewable Energy Programme.
Tenaga President and Chief Executive Pian Sukro signed the agreements, but no details of the terms and pricing of the contracts were revealed. Pian is also negotiating to buy electricity from other power producers that use renewable energy.
The Malaysian government has mandated that by 2005, about 5 per cent of the country’s electricity output should be supplied by renewable energy sources.