The Sustainable Energy Development Authority (Seda) has denied allegations that it has broken the law, pointing out that a Power System Study (PSS) can be conducted even before a company is set up in the Feed-in Tariff (FiT) programme.
study is not in itself reliant on the identity of the applicant for
Feed-in Approval (FiA) and may be initiated by the project promoters
before a special purpose vehicle is formed for the purpose of the FiA
application," Seda chaiprerson Fong Chan Onn (left) said in a statement issued last night.
The authority was responding to Petaling Jaya MP Tony Pua, who had questioned
whether companies controlled by former chief secretary Mohd Sidek
Hassan’s daughter Suzi Suliana and her associates had conducted such
Pua had said that it takes 30 days to complete the PSS -
a prerequisite for the FiA application -but that eight of 12 companies
controlled by Suzi and her associates were only set up 21 days before
Fong clarified that the 30-day period was the
maximum time given to the distribution licensee - in this case, Tenaga
Nasional Bhd - to complete the PSS.
"It is possible to complete a
PSS in a much shorter period.... All FiAs were only granted by Seda
after the requisite PSS reports were uploaded into the e-FiT online
system," he said.
He did not specifically touch on Suzi's companies or whether they had conducted the PSS.
Pua had yesterday also taken Seda to task over its initial explanation which revealed that some companies only had a paid-up capital of RM2, because it would be unfair to expect huge investments in advance when they do not know if their application would be successful.
statement comes as a complete shock as the application form (for FiT)
very specifically states that the companies must have secured financing
for the project,” Pua was quoted as saying.
"In fact, the form
states that the applicant's bank account statement must show ‘a credit
balance of at least 20 percent of the total capital cost of the
renewable energy installation’."
'Proven financial capability'
However, Fong stressed that all applicants had already proven their financial capability prior to the issuance of FiAs.
applicants were issued with FiAs only after they had provided
documentary evidence relating to their financial capability to fund the
project, including, where relevant, the capability of ... partners in
the case of joint-venture companies," he said.
He said Seda could not disclose the financial evidence as this is confidential information.
also took a swipe at Pua, stating that the DAP national publicity chief
had been irresponsible by not first seeking clarification from Seda.
Malaysia welcomes constructive criticism but takes the view that these
uninformed, unwarranted and unjustified allegations will be detrimental
to the development of the renewable energy industry," he added.
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