Malaysian government's Green Technology Financing Scheme extended till 2022 with MYR 5 billion allocated for second round

Malaysian government's Green Technology Financing Scheme extended till 2022
with MYR 5 billion allocated for second round

According to a news report in The Star, the Malaysian government is
extending the Green Technology Financing Scheme (GTFS) till 2022, with an
allocation of MYR 5 billion(~USD 1.1 billion) for the second round of the
scheme, GTFS 2.0, starting in 2018. The Budget 2016 speech in October 2015
had announced the extension of the implementation period of GTFS until
December 31, 2017.

The scheme had been launched in 2010 with an initial funding of MYR 3.5
billion (~USD 0.8 billion), of which MYR 2.9 billion has been invested in
588 approved local green technology projects. The list of certified projects
can be accessed here.

Projects must be located within Malaysia, utilising local and imported
technology. The projects have to 1) Minimize degradation of environment; 2)
Have zero or low green house gas emission; 3) Must be safe for use and
promotes healthy and improved environment for inhabitants; 4) Conserve the
use of energy and natural resources and 5) Promote the use of renewable
energy resources.In addition, there are criteria specific to the four
sectors of energy, water & waste, building & township and transport.

Users of green energy technologies can receive up to MYR 10 million (~USD
2.2 million), while producers can get up to MYR 100 million. Funding is in
the form of soft loans, supported by the government, from financial
institutions.

The Minister for Energy, Green Technology & Water, Datuk Seri Maximus
Johnity Ongkili also said that the MySuria solar-panel programme for
low-income groups is expected to kick off nationwide this month, starting
with 1620 households.

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Link to Original Article:
http://www.opengovasia.com/articles/7390-malaysian-governments-green-technol
ogy-financing-scheme-extended-till-2022-with-myr-5-billion-allocated-for-sec
ond-round

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com