@ green | March-April , 2021

Abang Zohari , Stephen Rundi , Hamed Sepawi , Ibrahim Baki ( member of Risk Committee and Independent Non-Executive Director , Petronas ) - top left frame - in a group photo with Sharbini Suhaili ( top centre frame ) and Sarawak Energy senior management team along with Tengku Taufik ( mid centre frame ) and Petronas senior management team after the signing .

The two energy giants sign key term sheet for long-term electricity supply

Under the critical term sheet , SESCO is committing to provide 90 megawatts ( MW ) of electricity supply at 275kV to the PETRONAS LNG Complex in Tanjung Kidurong , Bintulu , from March 2024 for a term of 20 years .

Abang Zohari witnessing the virtual signing ceremony between both leading energy companies .

This will bolster clean energy consumption and decarbonise the complex ’ s operations , in tandem with Petronas ’ aspiration of Nett Zero Carbon Emissions by 2050 .

Sarawak Energy ’ s electricity supply is predominantly renewable following Sarawak ’ s transition to renewable energy resources under the Sarawak Corridor of Renewable Energy or SCORE strategic initiative .

Sarawak has recorded a reduction in carbon intensity for power generation by 68 per cent from 2011 to 2019 . Sarawak Chief Minister Datuk Patinggi ( Dr ) Abang Abdul Rahman Zohari Openg witnessed the virtual signing ceremony between both leading energy companies .

Joining the Sarawak Chief Minister were Sarawak Minister for Utilities , Dato Sri Dr Stephen Rundi Utom and Dato Ibrahim Baki , Member of Risk Committee and Independent Non-Executive Director , Petronas .

Driven by green technology

The ceremony was also witnessed by Tengku Muhammad Taufik , President & Group Chief Executive Officer , Petronas , and Datuk Amar Abdul Hamed Sepawi , Chairman , Sarawak Energy .

Signing on behalf of Malaysia LNG Sdn Bhd was its Managing Director and Chief Executive Officer Mohamed Syazwan Abdullah @ Laga Jenggi and Datu Sharbini Suhaili , Group Chief Executive Officer , Sarawak Energy signed on behalf of sesCO .

In his congratulatory remarks during the event , the Sarawak Chief Minister said that the term sheet reaffirms Sarawak ’ s position as an ideal sustainability-driven investment destination .

“ As a result of farsighted and long-term strategic planning , Sarawak has clear competitive differentiators and value propositions . We offer this to prospective investors by providing competitivelypriced renewable and reliable power , connectivity infrastructure , investment infrastructure , friendly business policies and a competent and trainable workforce .

“ I am happy to note that Sarawak continues to be among the top five investment destinations in the country , recording an approved investment worth RM19.6 billion last year .”

Sarawak ’ s Chief Minister added the Sarawak government was embarking on green technology through the extension of hydrogen power besides hydropower and the combination of both strategic power source . It would enable Sarawak to play its role in the global shift amidst global warming issues , in line with the objectives of the Paris Accord as a platform for world economic growth powered by environmentally friendly energy .

“ Sarawak , with its abundant sources of renewable power as well as its desire to use technology as an enabler , will usher change in its development strategy towards a developed entity by 2030 . Economic sectors will be driven by green technology . This includes reafforestation , agriculture and manufacturing . The blueprint will be made public soon after the final draft of our post-Covid-19 economic exit strategy ,” he said .

Earlier , Abdul Hamed said Sarawak Energy was pleased to work with likeminded organisations that believe all parties play a role in mitigating climate change through responsible action .

“ Allow me to congratulate Petronas on their aspiration to achieve Nett Zero Carbon Emissions by 2050 . We look forward to working with you to advance this ambition through this term sheet and other collaborations to contribute to the creation of a sustainable energy future ,” Abdul Hamed added .

In his speech , Tengku Muhammad