PHOTO - Peter Cave, Malaysia country president, Schneider Electric.
Energy management solutions provider Schneider Electric has welcomed an initiative to establish an Energy Efficiency Bill, which is expected to be implemented by 2014, by the Malaysian government.
Speaking on 11 July 2012, Malaysia country president Peter Cave said the bill would help Malaysians 'embrace green technology' as well as help to drive economic gains for the country. "These laws will focus on the use of renewable and efficient energy by the industries including the construction sector."
"We believe that the current green incentives have sparked awareness but with the tabling of the Energy Efficiency Bill, it will encourage better energy management practices, which in turn will help curb the country's energy dilemma and stir economic growth," said Cave.
"Many do not realise that current electricity costs are still heavily subsidised," he said. "With the Malaysian power demand expected to rise five percent annually from 2011 to 2015, operating cost pressures are bound to weigh heavily on business bottom line profitability."
"Heating, ventilation, air conditioning and lighting consume more than 70 percent of energy and energy costs can comprise up to 30 percent of an operating budget in a building," said Cave. "If one looks at the development period of a building, up to 25 percent of a building's lifecycle costs are from financing and construction. However, in the next 25 to 30 years of a building's life, up to 75 percent of the overall costs are operational. Hence, active energy management through measurement, monitoring, and control of energy usage is critical."
"Implementing energy efficient solutions can produce savings of up to 30 percent that can help companies hedge against future electricity tariff hikes and significantly reduce carbon emissions and costs," he said, adding that Schneider Electric Malaysia was currently undergoing processes to be the first building in Malaysia to be certified ISO 50001. "The goal is to emulate the Hive, the first building in the world that is certified ISO 50001 and Smart-Grid ready. The Hive at Rueil Maimason, France is Schneider Electric's corporate headquarters."
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