KUALA LUMPUR, Kinergy Advancement Bhd (KAB), via its wholly owned unit KAB Energy Holdings Sdn Bhd, has received feed-in approvals for two hydropower projects under the Sustainable Energy Development Authority’s (SEDA) Feed-in Tariff (FiT) 2.0 programme. The approvals cover a total installed capacity of 8.04 megawatts (MW), consisting of two plants with capacities of 5.2 MW and 2.84 MW, respectively.
Following its successful entry into the hydropower space with the acquisition of a mini-hydropower project in Indonesia in August 2023, KAB is now expanding its presence in Malaysia’s renewable energy (RE) sector. The newly approved projects will further strengthen its Sustainable Energy Solutions (SES) division, with a stable revenue stream over 21 years under SEDA’s fixed tariff model.
Under the FiT 2.0 scheme, the tariff rates are set at RM0.34/kWh for the first 10 years and RM0.32/kWh for the subsequent 11 years.
KAB executive deputy chairman and group managing director Datuk Lai Keng Onn said the company’s growth from Indonesia to Malaysia highlights the scalability of its SES strategy.
“We continue to unlock growth opportunities in our sustainable energy portfolio. The approval of over 8.0 MW reflects our regional strategy and reinforces our commitment to driving clean energy development across Southeast Asia. Our goal is to support Malaysia’s energy transition with impactful, long-term projects that also enhance national energy security,” he said in a statement.
SEDA’s FiT 2.0 programme aims to boost investment in renewable energy, create job opportunities, and accelerate the country’s shift to cleaner energy sources. Its transparent online bidding process has increased participation, improved investor confidence, and supported the growth of RE infrastructure nationwide.
