KUALA LUMPUR: Asia Poly Holdings Bhd’s indirect 51%-owned subsidiary Asia Poly Bio Gas Sdn Bhd has received the Sustainable Energy Development Authority’s (Seda) feed-in approval to supply electricity in Malaysia under a 21-year contract.

In a statement to Bursa Malaysia yesterday, Asia Poly Holdings said Asia Poly Bio Gas’ renewable energy installation in Jeli, Kelantan, has an installed electricity generation capacity of 0.5 megawatt.

Asia Poly Holdings said Asia Poly Bio Gas received Seda’s feed-in approval certificate on Monday. The renewable energy installation will generate electricity using inputs, including agriculture waste.

Asia Poly Holdings said the feed-in-tariff rate for electricity generated at the installation is 38.35 sen per kilowatt hour. The contract is effective from the scheduled feed-in tariff commencement date on Sept 30, 2022. The project’s distribution licensee is Tenaga Nasional Bhd, according to Asia Poly Holdings.