Malaysia 460 MW Tender Oversubscribed By 250%

Energy Commission Of Malaysia Receives Bids for 1,632 MW In Response To 460 MW Tender
05:36 PM (Beijing Time) - 11. August 2017
f_markets_Asia_Malaysia_ab 2017-08-11

Malaysia’s 460 MW tender was oversubscribed by more than 250%.

Key Takeaways

  • Malaysia’s Energy Commission has shared a list of price bids received for its 460 MW PV tender
  • Price bids range from RM 0.3398 to RM 0.5300 ($0.08 to $0.12) per kWh
  • Enthusiastic response has led to the original tender capacity being oversubscribed by over 250%
  • Peninsular region of Malaysia has received a total response for 1,442.3 MW PV capacity, while developers have shown interest in installing close to 190 MW in Sabah/Labuan region
  • The agency will now study and evaluate the RFP offers and will intimate the shortlisted bidders

Malaysia’s Energy Commission (EC) has come out with a list of price bids it has received for the 460 MW tender capacity launched in March 2017 (see Malaysia Launches 460 MW PV Tender). Price bids range from RM 0.3398 to RM 0.5300 ($0.08 to $0.12) per kWh.

The entire capacity is divided between Peninsular Malaysia and the Sabah/Labuan region. Sabah is a Malaysian state on the island of Borneo, Labuan a nearby small island. The bids for Peninsular Malaysia range from 1 MW to 30 MW and for Sabah/Labuan from 1 MW to 10 MW. The lowest price bid of RM 0.3398 is for a 30 MW system.

The tender received overwhelming response with 116 bids totalling 1,632 MW against a capacity of 460 MW that was originally tendered. The majority of the bids – 85 equal to 1,442.3 MW – came in for installations on the Malaysia’s mainland, while developers have shown interest in installing 31 systems close to 190 MW in Sabah/Labuan.

The EC will now evaluate submissions and notify shortlisted bidders after a detailed study of the RFP documents.

Once the capacity is allotted, all installations will have to be be connected to the grid in 2019-2020.

 

Anu Bhambhani

Anu Bhambhani is the News Editor of TaiyangNews

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Anu Bhambhani