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In 2005, SESCO was privatised and known as Syarikat SESCO Berhad, [3] and bought over by Sarawak Energy Berhad. Sarawak began to export electricity from Sarawak to West Kalimantan, Indonesia in January 2016 through a 275kV interconnection operated by Sarawak Energy. [4] This project is the first successful power trading project for Malaysia. [5]
After many delays, Sarawak Energy Berhad announced that the contract to build the submarine cable would be awarded in mid-2010 with international tenders to be called in early 2010. It was expected that the construction would be completed by 2015 at an estimated cost of MYR8 billion to MYR10 billion. [48] However, the project has been shelved. [49]
Sarawak failed to achieve a developed and industrialised state within Malaysia by the year 2020. [54] RECODA stopped publishing annual reports after merging with "Post Covid-19 development strategy" in 2021. [55] As of 2023, 84 out of 251 of the projects implemented by RECODA were completed. [56]
Image source: Getty Images. 1. Lockheed Martin. After its stock price reached an all-time high earlier this year, Lockheed Martin and its defense contractor peers have sold off considerably over ...
Sarawak Power Generation Sdn Bhd, a subsidiary of Sarawak Energy Berhad [12] Sarawak Power Generation Plant: Sarawak at Bintulu: 515: Open cycle (2 GT) Sarawak Power Generation Sdn Bhd, a subsidiary of Sarawak Energy Berhad [13] Sepanggar Bay Power Plant: Sabah at Kota Kinabalu Industrial Park: 100: Combined cycle: Sepangar Bay Power ...
This would have connected all three of Malaysia's electric utility companies with state grids: Tenaga Nasional Berhad (TNB), Sarawak Energy Berhad (SEB) and Sabah Electricity Sdn Bhd (SESB). Many of Sabah and Sarawak's generation plants are still not interconnected to a grid.
The economy of Sarawak is the fourth-largest of the states of Malaysia, making up 9.3% of the Malaysian gross domestic product (GDP) in 2022. [3] Meanwhile, Sarawak is home to 7.9% of the Malaysian population (2.56 million out of 32.4 million people in Malaysia) based on the 2020 census.
The Sarawak government aimed to have Petros in operation by the first quarter of 2018 [27] and become an active player in the oil & gas industry by 2020. [28] Sarawak government then sent a legal team to the United Kingdom to search for additional supporting documents regarding the rights of Sarawak in the Malaysian agreement.