Monday, April 9, 2012

Feed-in Tariff scheme fits in well with Gading Kencana

SHAH ALAM: Renewable energy (RE) services firm Gading Kencana Sdn Bhd is optimistic of a jump in revenue this year following the implementation of the Feed-in Tariff (FiT) scheme.

The company, which offers consultancy and expertise in RE system design and installation, especially for solar photovoltaic, reported RM12 million revenue last year.

"We expect our turn-over to reach more than RM100 million this year," managing director Guntor Tobeng said.

Guntor said FiT will help Gading achieve the targeted revenue as the rates rewarded for RE players under the scheme opens up investment opportunity.

To maintain its leading position and market growth, he said Gading will continue to develop and introduce new products and services.

"We've just launched our Sun2Cash product for consumers interested in participating in the government's FiT programme," he said.

Founded by Guntor and his wife, Hasnah Awang in 1993, Gading offers consultancy, design, engineering, procurement, construction and monitoring of RE systems to customers from commercial and public sectors as well as individual households, both locally and overseas.

Its clients include Bosch Rexroth Sdn Bhd, Tesco, Kumpulan Melaka Bhd, Ministry of Higher Education and Maxis Bhd.

Guntor, who is also a well-known speaker on energy issues, has been heavily involved in projects like preparation for RE and energy-efficient blueprint for Iskandar Regional Development Authority, as well as energy-efficiency studies for sewerage treatment plants for Indah Water Konsortium and the Prime Minister's Office and Health Minister complexes in Putrajaya.

In an interview with Business Times recently, Guntor said Gading is gearing up to expand its services both at home and abroad.

"We have ongoing business projects in Yemen and United Arab Emirates," he said.

This year, Gading anticipates exports to contribute at least 10 per cent to its revenue. The company is poised to tap growth potential in other countries such as Tonga, Papua New Guinea and Indonesia.

For its capital expenditure (capex) this year, Gading has allocated some RM4 million. Part of the capex is for plant expansion and increasing its product range.

Looking back, Guntor said the company's biggest success was when it first gained the confidence and trust from a bank to finance its projects. "In 2007, UOB was the first bank to open the door for us to venture into a multi-million ringgit project."

Last year, Gading was ranked 19th in the Enterprise 50 Award.

Read more: Feed-in Tariff scheme fits in well with Gading Kencana

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