Wednesday, August 17, 2011

Feed-in-tariff (FiT) for renewable energy to be launched Dec 1

PUTRAJAYA: The feed-in-tariff (FiT) for the development of renewable energy (RE) will now be launched on Dec 1 and not as scheduled on Sept 1.

Energy, Green Technology and Water Minister Datuk Seri Peter Chin said in a press statement that the ministry was currently working with the Attorney General's chambers to finalise the required legal instruments under the Renewable Energy Act 2011.

Chin said there were seven subsidary legislation, nine standardised Renewable Energy Power Purchase Agreements (REPPAs) for the different renewable sources and 19 administrative guidelines that needed to be finalised.

“To avoid glitches in the implementation of FiT, more time is needed as the subsidiary legislations are complex and technical,” he said.

Chin said, a sound and resilient regulatory framework was crucial to ensure that the FiT system operated smoothly.

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