ADVANCING JUST ENERGY TRANSITION |
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Malaysia ’ s Sustainable Energy Development Prospectus |
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To qualify , check if the purchased asset is listed in the MyHijau directory , and if not , request the supplier to register for the MyHijau mark . Applicants must complete the relevant form , pay the RM1,000 processing fee , and upon approval , MGTC will issue a validation letter . This letter must be submitted with the tax form to declare the exemption .
The Energy Audit Conditional Grant
The Energy Audit Conditional Grant ( EACG 2.0 ) is an energy efficiency programme outlined in the 12th Malaysia Plan ( 12MP ) for the implementation period from 2021 to 2025 . Allocated grants for this programme are intended to support commercial and industrial sectors during this period , encouraging collaboration with registered local ESCOs under the Energy Commission ( ST ) to conduct energy audits in their buildings . This governmental grant is disbursed on a first-come-first-serve basis , contingent upon application approval .
Objectives of the Programme :
• Provide financial assistance to building / installation owners for energy audits , facilitating the implementation of energy-saving measures at their premises .
• Promote energy audit exercises to establish current energy consumption baselines and identify potential energy savings .
• Create a platform for assistance and facilitation to commercial building and industrial installation owners for systematic energysaving implementation .
• Build capacity in energy management within the
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commercial and industrial sectors .
• Foster awareness about the importance of energy management among commercial and industrial premises owners in Malaysia to reduce energy consumption , ultimately saving operational costs .
Any commercial building or industrial installation with a minimum energy consumption of 100,000 kWh / month is eligible to apply . Entities that have not previously received the EACG under 11th Malaysia Plan ( 11MP ), are also eligible to participate .
Benefits of the programme :
• OWNERS : Operational cost energy consumption reduced after implementation of potential Energy Saving Measures ( ESM ) advised in Energy Audit report .
• SUSTAINABLE ENERGY INDUSTRY : Capacity development for ESCOs to fulfil the current and future demand of energy management in industrial and commercial sector .
• GOVERNMENT : Promoting the energy saving , low carbon and sustainable energy initiatives indirectly assisting Malaysia in achieving carbon reduction targets .
• ENVIRONMENT : Reduces the demand for electricity generation , and therefore reduces carbon emission .
Building on the EACG programme under the 11MP , there were 108 applications received for commercial buildings , resulting in a total of 71,694,374 kWh in energy savings in 2021 . Simultaneously , the industrial segment had a total of 109 buildings participating , achieving energy savings of 273,037,874 kWh in the same year . •
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References HSBC . ( 2023 ). Malaysia Budget 2023 Summary : ESG Green Incentives GITA / GITE . https :// www . businessgo . hsbc . com / en / article / malaysiabudget-2023-summary-esg-greenincentives-gitagite
MGTC . ( n . d ). Green Investment Tax Allowance ( GITA ) & Green Income Tax Exemption ( GITE ). https :// www . mgtc . gov . my / what-we-do / green-incentives / green-investment-taxincentives-gita-gite /
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MGTC . ( n . d ). Green Technology Financing Scheme . https :// www . gtfs . my / page / featuresgtfs-40 |
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SEDA Malaysia . ( n . d ). https :// www . seda . gov . my / wp-content / uploads / 2022 / 07 / Bangunan- EACG-RMK11 . pdf |
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SEDA Malaysia . ( n . d ). Energy Audit Conditional Grant – Commercial & Industry . https :// www . seda . gov . my / energy-demandmanagement-edm / energy-auditconditional-grant-commercial-building / |