The Bills will be gazetted for enactment by early
May 2011. SEDA Malaysia will then be legally established. The Feed-in tariff
is envisaged to be implemented by Q3 2011.
KUALA LUMPUR, Aug 15 (Bernama) – The launch date for the implementation of the Feed-In Tariff (FiT) system for the Renewable Energy Sector has been revised to Dec 1 instead of Sept 1, 2011.
Minister of Energy, Green Technology and Water Datuk Seri Peter Chin Fah Kui said his ministry had to revise the launch date in the light of recent updates on the preparatory work.
"The rationale for the revised schedule in the implementation of the FiT is because the Renewable Energy Act 2011 requires seven subsidiary legislations for it to be enforced and to enable the FiT system to be implemented smoothly," he said in a statement today.
The FiT system implementation will be managed and monitored
by the Sustainable Energy Development Authority Malaysia (SEDA Malaysia), a
statutory body established under the SEDA Act 2011.
According to Chin, SEDA Malaysia is an agency established based on the principles of transparency and fairness, especially when it comes to managing the FiT system and the RE Fund.
Chin also said that the official portal for SEDA Malaysia would be launched in September prior to the implementation of FiT. – BERNAMA
In line with the Renewable Energy (RE) Act which was passed in April 2011, the Government will impose 1% as Feed-in-Tariff (FiT) for RE Fund, effective 1st September 2011. The fund will be utilised for promotion and development of RE projects and initiatives and will be managed by Sustainable Energy Development Authority (SEDA) under the Ministry of Energy, Green Technology and Water.
Feed in Tariff Handbook gives a good description of the basic workings.