Put a permanent moratorium on new fossil fuel IPPs

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The Report on Peninsular Malaysia Generation Development Plan 2020 (2021 – 2039) published by Energy Commission (EC) revealed the shocking truth about the federal government (Putrajaya) wanting to continue fossil fuel based independent power producers (IPPs) model until 2039 [1].

Between 2021-2039, Putrajaya will decommission nearly 17,000MW of aging fossil fuel based IPPs. However, Putrajaya will replace with more than 17,000MW of new fossil fuel based IPPs.

Malaysia needs to achieve 100% Renewable Energy by the year 2035 in the electricity sector to combat climate crisis which is threatening human civilization.

In 2020, nearly RM9 billion was spent to import dirty coal to generate 66% of Peninsula Malaysia’s electricity need which is hurting the Ringgit and energy sovereignty [2].

Furthermore, the fossil fuel based IPPs which were introduced by Dr. Mahathir in 1990s have enriched his crony capitalists but made the people poorer from high electricity tariff.

Globally, the cost of renewable energy (RE) is decreasing rapidly while cost of fossil fuel is increasing exponentially [3]. The failure to decarbonize power grid within the next 15 years will force the people to pay higher electricity rates.

Parti Sosialis Malaysia (PSM) urges Putrajaya to put a permanent moratorium on the construction of new fossil fuel IPPs to steer Malaysia towards 100% renewable energy by 2035.

Parti Sosialis Malaysia (PSM) urges Putrajaya to complete the Smart Electricity Grid System before the year 2025 which will minimise the intermittency of renewable energy (RE) supply and reduce electricity tariffs for the people.

Putrajaya should also cancel the approval for the Pulau Indah Power Plant (PIPP) in Selangor while it is still at planning stage.

Issued By:

SHARAN RAJ
National Coordinator
Bureau of Environment & Climate Crisis
Parti Sosialis Malaysia (PSM)


Sources

[1]https://www.st.gov.my/en/contents/files/download/169/Report_on_Peninsular_Malaysia_Generation_Development_Plan_2020_(2021-2039)-FINAL.pdf

[2]https://www.tnb.com.my/assets/quarterly_results/Analyst_Briefing_FY2020.pdf

[3]https://ourworldindata.org/cheap-renewables-growth

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