00:00 So, we only have about 20 minutes, so let's just keep the session tight, keep your questions
00:10 on the road map.
00:12 We have taken a slightly different approach when it comes to policy rollout.
00:21 We wanted to balance between building the momentum and completing the full picture.
00:31 That's why today we launched the first part of NETL, because in our assessment it is important
00:43 to get the excitement and the buy-in, especially from the industry players first, and to bring
00:51 the attention to Malaysia's ambition.
00:54 And within a month, we will roll out the second part of NETL.
01:00 The focus is basically on large-scale housing development.
01:05 That's why we work with Simon Dhabi Properties, because it is something that can be pulled
01:15 off commercially by large-scale townships without government funding.
01:25 Medium and high-end properties, usually the buyers would want to have solar.
01:31 I mean, there's already a buy-in.
01:34 The process now is the application for quota has to be made individually.
01:44 So it becomes quite restrictive for large-scale property developers like Simon Dhabi and I
01:52 hope the others, because they can't package the whole thing as part and parcel of the
01:58 house.
01:59 Basically, the only best thing that they can do is that we will be able to install solar,
02:05 but we have to wait for you to apply first, and then you come back to me and talk.
02:10 So what we want to focus in the early parts is to allow more and more of such integrated
02:21 large-scale urban development to include solar in their whole pricing package, individual
02:31 rooftop.
02:34 I think that will come as and when the single market aggregator becomes operational.
02:40 If you look in certain states in Australia, in Germany, rooftop solar has even surpassed
02:46 those installations.
02:47 So I think that's where we see now in Malaysia we haven't really tapped, because when you
02:51 talk about large-scale solar, there are certain limitations of land size and the cost of land.
02:56 The pioneer one that's going to be done with Simon Dhabi will be at Elmina and Bandar Bukit
03:03 Raja.
03:04 So that one is up to 10 kilowatt solar capacity per house.
03:10 So it's 4.5 megawatts across 450 homes.
03:14 That's the pilot.
03:16 We set the ambition because the energy target for 2050 is very much tied to our net zero
03:26 commitment.
03:27 And that is part of the national energy policy, which is binding to the government.
03:34 Everything else has to be adjusted to achieve that.
03:38 So when we push the target from 40% to 70%, it will filter through over the years, and
03:46 it will govern how energy commission decides what kind of capacity can be allowed to be
03:54 installed.
03:55 The problem is, if you look at, for example, today's announcements with Gazana in Karmas,
04:02 it's one gigawatt.
04:04 And one gigawatt is huge compared to the largest capacity that we have now, which is around
04:12 70 megawatt.
04:13 I think that's easily about 15 times of the size.
04:16 So we have to go through this stage of seeing how the market responds to net zero, because
04:23 that will allow us a much better assessment of the supply and demand.
04:30 So that's why, if the price is asking what is going, I think we take the bold step of
04:36 pitching that we want to lead the energy transition.
04:40 And that will spur the supply and demand, and that will allow us to be able to map the
04:48 planning and the numbers better for 5, 10, 15 years.
04:52 [BLANK_AUDIO]
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