Tawau Green Energy (TGE) has received a MYR 35m (11.5m) federal grant to finance the construction of related infrastructure works at its 30MW geothermal plant located in the state of Sabah.
Continental Energy, the parent unit of TGE said it secured the grant from the Malaysian Government through its Public Private Partnership Unit of the Prime Minister’s Department.
Continental Energy CEO and geotechnical director of TGE Richard L McAdoo said this grant reaffirms the strong commitment and firm resolve that both the Government of Malaysia and the Government of Sabah have in solving electrical power generation capacity shortfalls in Sabah utilizing renewable energy sources.
"The management of TGE has done an excellent job in highlighting the benefits of the Apas Kiri geothermal energy development to the people of Sabah and this grant is a remarkable demonstration of the Government’s strong commitment of support for the timely implementation of the project," McAdoo added.
The government owned development bank, Bank Pembangunan Malaysia will disburse the grant which will be used for the construction of access roads and other infrastructure improvements related to the plant.
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By GlobalDataThe project which is slated to come online by early 2015.
