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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]
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.
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]
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(Reuters) -Canada's main stock index extended its record-setting run on Thursday as gains for energy shares offset a pullback in technology stocks and investors weighed recent declines for the ...
The Sarawak Government is an authority governing Sarawak, one of the Borneo states of Malaysia, and is based in Kuching, the state capital. The state government adheres to and is created by both the Federal Constitution of Malaysia , the supreme law of Malaysia, and the Constitution of the State of Sarawak , the supreme law of the State.
Revenue from Petronas provides a significant proportion of national government revenue (35% in 2019), and the states of Sabah and Sarawak additionally levy a 5% tax on production within their territory. [2]: 1–2 Sarawak established Petroleum Sarawak Berhad in March 2018, putting it on equal footing with Petronas within their state. Regulatory ...
Although that point in time is still decades away, Straits Research believes this continued progress will grow the renewable energy industry's revenue at an average pace of 9.5% through 2033 ...