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Businessmen Harness the Sun’s Energy and Sell Power to TNB
Monday, August 6, 2012 Petaling, Jaya – “It pays to go green”, and a group of Malaysians may attest to this.
Steven Ho and Suyani Hijas, both businessmen, together with Dr. George Anthony Taye Wei Chun, a physician, decided to harness to harness the sun’s energy and sell it to TNB (Tenaga Nasional Berhad).
The three did signed up for the Feed in Tariff mechanism, as they were given an approval by SEDA (Sustainable Energy Development Authority) to sell their generated renewable energy to TNB.
Each of them will be receiving RM500-RM3,500 from TNB every month by generating electricity between 3.6kWp and 20.79kWp on their solar PVs.
Businessman Steven Ho said that he is proud to be one of the pioneers to bring green technology in the mainstream. He has spent less than RM100,000 to install 16 PV panels on the roof of his bungalow that will generate 3.76kWp energy, which will then be channeled to the TNB grid.
‘Inverter’ is also included in the cost, which converts the solar energy into electricity, and a ‘meter’ to record the amount of energy his panels has produced.
Ho put his system in place in February, and has already received his first RM700 payment from TNB just two weeks ago. This has led his friends to follow what he did where he said that they are also thinking of installing the same system especially that the costs of solar panels has gone down lately.
Dr. Taye, a geriatric physician at Hospital Melaka, on the other hand, said that it makes sense to go solar as Malaysia is blessed with sunshine all-year round. The physician has spent RM50,000 to install 16 PV panels on the roof of his semi-detached house last November that generates 3.6kWp of electricity.
According to Dr. Taye, he received his first payment of RM500 in May, and received between RM500 and RM600 monthly since then. He also said that he’d get his return on investment in seven years.
Another businessman Suyani Hijas, said that he has spent RM400,000 to put in 99kWp solar PV panels on the rooftop of his boutique hotel in Penang, in line with the hotel’s overall energy sustainability theme.
“For us, solar energy is the easiest to harness. (And) it doesn’t take up much space,” he said.
Suyani Hijas’ 45-room hotel opened for business last year and he received his first payment from TNB amounting to RM3,500 last month.
Source: thestar.com.my
