Bakun the white elephant, indeed?
DEMAND from the Sarawak Corridor of Renewable Energy (SCORE) for electricity from the Bakun hydroelectric dam has already exceeded its supply capacity.
To date, Sarawak Energy Berhad (SEB) has inked power purchase agreements (PPAs) with OM Holdings (OMH) and Asia Minerals Ltd (AML), two of the first batch of four SCORE pioneer investors.
OMH is buying 500MW for 20 years to power its proposed RM1.5 billion manganese and ferrosilicon alloy smelting plant in Samalaju Industrial Park, Bintulu.
The smelter, which is scheduled to commence production in early 2014, will start receiving initial power of 30MW after July next year.
AML will get a supply of 270MW, also for 20 years, for its RM790 million manganese ferro alloy smelter project. It will start receiving electricity on April 15.
SEB is expected to sign similar PPAs with Japan’s Tokoyama Corp, which is building an RM3 billion polycrystalline silicon plant, and with Press…
View original post 779 more words