KLIA installs RM200mil solar power system - Saves RM2.1 million yearly

[Hans168]

Cronies get the contract costing 10% of reported $200 mio......... Huat Ah

 

[congo9]

The math is fine. Nothing wrong with it. There are already a lot of Feed in tariff programs around the world and I would say Malaysia is late coming to the game. (of course, singapore is even later). If you read the article, the solar panels are installed by SUNedison for free to the airport. In exhange for using the roof of KLIA (which is sitting vacant anyway, so to speak), Sunedison will pay a rent to KLIA and at the same time, sell electricity generated by the roof solar panels back to KLIA at a discount than what they would have to pay. What the article does not say is that any excessive electricity not sold to KLIA (and there will be plenty) will be sold to Tenega Nasional. This is really where Sunedison will make the money. Under the current FIT programme in Malaysia, Tenaga is supposed to buy the power from KLIA at a small premuim over what they sell. I think in this case, Tenaga negotiated a fixed price for a fixed period, after that SUnedison can sell it to Tenaga at market rate.

Sunedison has already calculated that the excess power generated will be much greater that what they are required to sell to KLIA and also that future electricity prices will rise such that they will make even more money. For KLIA, the return is infinity. Its 2.1 million divide by zero as they did not put any funds in this project. Sunedison's return is further enhanced by the fact they did not have to purchase or lease large tracts of land for a solar farm, and build the roads and infrastructure there to receive and send power to its customer. With the use of KLIA, they are already plugged into the grid and their return on their investment is much faster. All in, a win win for everyone. The Malaysians are not as stupid as people here like to portray them.

Good analysis ! I like it. Concise and clear. Are you in this trade ?

 

[Seee3]

......

Sunedison has already calculated that the excess power generated will be much greater that what they are required to sell to KLIA and also that future electricity prices will rise such that they will make even more money. For KLIA, the return is infinity. Its 2.1 million divide by zero as they did not put any funds in this project. Sunedison's return is further enhanced by the fact they did not have to purchase or lease large tracts of land for a solar farm, and build the roads and infrastructure there to receive and send power to its customer. With the use of KLIA, they are already plugged into the grid and their return on their investment is much faster. All in, a win win for everyone. The Malaysians are not as stupid as people here like to portray them.

I agree that it is sure profit for KLIA. However, it is a risky venture for Sunedison. The technology is not ready so maintenance cost and loss of efficiency is still a challenge. Otherwise we will see solar panels mounted as facade for buildings here.

 

[laksaboy]

Right profit aren't everything. Kopi money counts in decision making also???

Plenty of kopi money in Sinkieland too. Don't throw stones when you live in a glass house.

 

[tonychat]

I agree that it is sure profit for KLIA. However, it is a risky venture for Sunedison. The technology is not ready so maintenance cost and loss of efficiency is still a challenge. Otherwise we will see solar panels mounted as facade for buildings here.

they can do it and improve from there.. that is how companies strive to do things and how people tend to learn things.

 

[laksaboy]

If you do any cost benefit analysis there are the intangibles such as social cost & benefits. For example what is the benefit of having a park with plenty of greenery

To the PAP it is wasted opportunity to generate $$$. They will of course build something using tax dollars & cheap foreign labour. The $$$ they make will end up in their pockets. This is a rent seeking attitude might benefit the PAP but for the "lesser mortals" it is a cost because they are losing a green space.

So calculations based simply on dollars & cents may not show the true cost.

And I see that this 'must monetize everything' mentality has trickled down to and infected most Sinkies, including some forummers here.

Now you know why the PAP keeps getting voted in all the time.

 

[escher]

Whore Jinx buy high sell low strategy is much worse....

Excellent on her part to screw the stinkies


Stinkies all head down down and arseholes up high high begging, just begging to be fucked and tiewed by PAP and whatever policies they want to ram down the throats and arseholes
stinkies deserved all that and worse for being so no hui to their rights and people trying to speak for their rights and do not even bother to turn up at Hong Lim Park

FUCK THE STINKIES MORE AND EVEN MORE
THEY DESERVED THE SHIT AND FUCKING FROM PAP

 

[ykhuser]

KLIA installs RM200mil solar power system

Published: Tuesday January 28, 2014 MYT 3:02:00 PM
Updated: Tuesday January 28, 2014 MYT 3:19:33 PM

KLIA's airport solar power system, the first in the country, costs RM200mil and is expected to save the airport
about RM2.1mil annually in energy cost.

SEPANG: Malaysia Airports Holdings Bhd (MAHB) and SunEdison today jointly launched Malaysia's first airport solar power system at the Kuala Lumpur International Airport with a total investment of RM200mil.

"The solar power system is expected to save the airport about RM2.1mil annually based on its current energy costs," said MAHB chief operating officer Datuk Abdul Hamid Mohd Ali told reporters at the launch of the system.

He said the 19-megawatt (MW) direct current (DC) system was the largest in Malaysia and is interconnected to ground-mount (5MW), parking canopy (10MW) and roof-top (4MW) systems.

"We don't incur any cost for this project because we provide the under-utilised asset, while SunEdison is required to pay lease rental and royalty to us. In return, we buy the electricity at a much cheaper rate," said Abdul Hamid.

He said MAHB was looking to expand this system at its other airports especially at the short take-off and landing ports (STOL Ports) located in remote areas.

"Solar energy is one of the areas that we are seriously looking into. We may discuss with SunEdison further on the system for the other airports especially in Sabah and Sarawak," he said.

Solar technology manufacturer and provider of solar energy services, SunEdison is the Feed-in-Tariff (FiT) approval holder, granted by SEDA Malaysia.

The company is allowed to sell power generated from renewable energy sources to Tenaga Nasional Bhd for a fixed period of time.

"There is an excellent Feed-in-Tariff programme in Malaysia, and we are looking forward to help additional airports in Malaysia and around the world," said SunEdison president for Asia, Middle East, South Africa and Australia, Pashupathy Gopalan.

"In working with MAHB, we are able to help them gain an economic benefit from an under-utilised asset that they already have," he said – Bernama.

source: http://www.thestar.com.my/Business/Business-News/2014/01/28/Country-first-RM200mil-airport-solar-power-system-launched/

This is so brilliant.

KLIA will recover the project cost in 100 years.

Mahathir's half-filled KLIA needed this energy saving solar powered system? Someone's pockets must have been lined.

solar energy is the most stupid investment of all.
you dump in 200 millions
annual save $2 miilion.
maintenance cost of solar panel yearly $1 millions
it will take 20 years to break even.by 10 years later new tech has evolved again.