Cepat ... Oct 2008

Cepatwawasan Group Bhd, an oil palm company, expects its two bio-energy projects in Sabah to contribute RM20mil annually to group revenue by 2011.

Total contribution from the sale of electricity and carbon credits is estimated to be RM20mil per annum to group revenue.

The projects, a 3-megawatt (MW) biogas plant and 10 MW biomass-fired plant, would be able to sell power to Sabah Electricity Sdn Bhd (SESB) and generate carbon credits for sale. The projects were expected to be registered for the clean development mechanism (CDM) scheme. The CDM is a scheme under the Kyoto Protocol which helps developing countries achieve sustainable development through the sale of certified emission reduction, or carbon credits, to developed and industrialised countries.

The two projects would cost RM80mil, RM60mil for the biomass plant and RM20mil for the biogass plant. Construction of the plants is expected to commence by the middle of next year (2009) and will be completed and fully commisioned by 2010.

Cepat Wawasan is expected to sign a renewable energy power purchase agreement with SESB early next year (2009). SESB is a subsidiary of Tenaga Nasional Bhd.