We were featured by various media platforms during FMCO, such as Bernama, Sin Chew Daily, The Sun, China Press, The Malaysian Reserve and more. Ko Chuan Zhen, our Group CEO, shared how commercial and industrial sectors should be considered for the PEMERKASA 10% discount on electricity bills as well as solar energy being an essential and upward trend despite the tightened SOPs of FMCO.
Not only were we able to convey our wishes for the commercial and industrial sector but cover how solar energy remains resilient despite the ongoing restrictions. As an industry leader who is dedicated to advancing a sustainable energy ecosystem for the nation, we believe clean energy is just a start towards a cleaner tomorrow. This reason is why we are going beyond solar and towards reinventing energy to empower you with solutions that can move the nation towards a game-changing energy future.
Find the media coverage Bernama, Sin Chew Daily and Harian Metro below:
KUALA LUMPUR, June 2 -- Plus Xnergy Holding Sdn Bhd has asked the government to consider extending the 10 per cent electricity bill discount eligibility under PEMERKASA Plus to the commercial and manufacturing sectors, as one of their major challenges is managing overheads and reducing bottom lines.
Lauding the government's announcement on utility bill discounts for impacted sectors, Plus Xnergy group chief executive officer Ko Chuan Zhen said with a stricter lockdown to combat COVID-19, many factories will be operating on limited capacity, hence impacting their energy consumption.
He said electricity usage in the industrial and commercial sectors dropped between 25 per cent and 50 per cent during the movement control order (MCO) in 2020, as businesses halted activities, while residential consumption surged between 20 per cent and 50 per cent with the adoption of work-from-home (WFH) practice.
Although electricity consumption has been on a downward trend globally, it is expected to rebound in 2021 as economies recover, led by electricity generation from renewable energy (RE) sources, he told Bernama. PEMERKASA Plus extended electricity bill discounts for affected sectors, namely hotel operators, travel agencies, shopping malls and premises, convention centres, theme parks, and local airlines, for another three months from July to September 2021.
The RM40 billion aid package, which was aimed at assisting the people and businesses facing economic challenges during the total lockdown, was announced by Prime Minister Tan Sri Muhyiddin Yassin in a special address on Monday.
Ko said the International Energy Association expects renewables to regain momentum in 2021 -- similar to the RE energy capacity in 2019, with delayed projects coming back online.
“Undeniably, the slowdown has impacted us, yet we see confidence and continued demand from commercial and industrial clients, namely Mah Sing Plastics, gaining a return on investments from their solar investment in just four years, and AJIYA Bhd (building solutions manufacturer), reaping a monthly savings of RM50,000," he added.
Ko said Plus Xnergy is still confident of the RE industry prospects, though conversion to actual bottom lines may take longer than expected, with the tightened standard operating procedures (SOP) and reduced operational activity, following its positive experiences.
“It is a difficult position for the government as they try to strike a balance between protecting lives and the nation’s economy.
"For us at Plus Xnergy, the wellbeing of employees is our topmost priority. WFH is mandatory, while we have had to postpone client meetings and project rollouts, as well as plan out warehousing as we weather the lockdown,” he said.
Meantime, Ko described Kuala Lumpur mayor Datuk Seri Mahadi Che
Ngah's recent imposition of a 30 per cent compulsory reliance on RE for future commercial and residential developments in the capital as a good move as it contributes to the national RE goal of 31 per cent by 2025. He said the government plays an important role in developing the RE industry, which is supported by strong policies such as the net energy metering and green investment tax allowance, which have greatly increased the interest and the adoption of solar solutions.
"In terms of Malaysia’s RE capacity mix projection, the latest Energy Commission report forecast a near two-fold increase in share from 17 per cent in 2021 to 31 per cent by 2032, while foreseeing a reduction in gas and coal combined share from 82 per cent to 69 per cent,” he added.
Online Source: Bernama Online
Original Author: Nurunnasihah Ahmad Rashid
Coverage in Mandarin by Sin Chew Daily
作者 ： 李菁云
⽂章来源 ： 星洲⽇报 2021-06-0
Online Source: Sin Chew Daily
Coverage in Malay by Harian Metro:
Kuala Lumpur: Plus Xnergy Holding Sdn Bhd memohon kerajaan mempertimbang memperluaskan kelayakan bagi diskaun bil elektrik sebanyak 10 peratus di bawah Pemerkasa Tambahan untuk meliputi sektor komersial dan pembuatan/perkilangan kerana antara cabaran utama mereka adalah menguruskan overh ead dan keuntungan bersih.
Meskipun menyambut baik pengumuman kerajaan mengenai diskaun bil utiliti untuk sektor yang terjejas, Ketua Pegawai Eksekutif Ko Chuan Zhen bagaimanapun menyatakan dengan sekatan pergerakan yang lebih ketat untuk memerangi penularan Covid-19, banyak kilang akan beroperasi dalam kapasiti terhad dan ini mempengaruhi penggunaan tenaga elektrik.
Beliau berkata, penggunaan elektrik di sektor perindustrian dan komersial turun antara 25 peratus dan 50 peratus semasa Perintah Kawalan Pergerakan (PKP) pada 2020 kerana kebanyakan perniagaan menghentikan kegiatan sementara penggunaan kediaman melonjak antara 20 peratus dan 50 peratus berikutan amalan bekerja dari rumah.
“Walaupun penggunaan elektrik mengalami trend menurun di seluruh dunia, ia dijangka meningkat kembali pada tahun 2021 ketika ekonomi semakin pulih,” katanya.
Original Source of Above Coverage: Harian Metro Print – 3 June 2021
Online Sources of Related Coverage
Print Sources: 02-06-2021
Sin Chew Daily
Print Sources: 03-06-2021
Borneo Post – KK
Borneo Post – Kuching
Photo Credit: Plus Xnergy
Disclaimer: The contents of the reposted article have been edited to represent Plus Solar’s brand and its Holding Company, Plus Xnergy, to its truest nature.