Kota Kinabalu: Sabah Electricity Sdn Bhd (SESB) Chairman Datuk Seri Wilfred Madius Tangau said steps are being taken to ensure the firm is ready to become a full-fledged utility company that does not rely on subsidies by 2030.
His comments came in reaction to the Malaysia Madani Budget 2024 announced by Prime Minister Datuk Seri Anwar Ibrahim regarding subsidy to SESB. Anwar was quoted as saying that, while regulatory authority has been transferred to the state government, the federal government will continue to assist the state government in strengthening the Sabah electricity industry by providing subsidies to Sabah Electricity Sdn Bhd until the SESB Transformation Plan is successfully implemented by 2030.
“In order to do so, SESB must improve its generation ownership even further. We currently have only about 20 percent of the generation.The others were provided by Independent Power Producers with SESB acting as a middleman. This is what we want to talk about with the public, consumers, the utilities, and the government. At the end of the day, the government makes the decision, not SESB,” he said.
In terms of solar hybrid solar power generation, Madius said there are plans for renewable energy development, but there are constraints.
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