News Clipping Archive - Page 1173 of 1320

Energy Economy ,
Renewables

Petronas to acquire renewable energy firm

16 April 2019

–

Malaysia

PETALING JAYA: Petroliam Nasional Bhd (Petronas) will soon mark its international foray into renewable energy once it completes the acquisition of Amplus Energy Solutions Pte Ltd, better known as M+ later this month.

The state-owned oil and gas (O&G) giant has entered into an agreement with I Squared Capital to acquire a 100% interest in M+, a leading Singapore-based company with a portfolio of distributed, renewable energy assets in Asia.

M+ specialises in end-to-end solutions for rooftop and ground-mounted solar power projects, catering to commercial and industrial customers.

The company, which was established 2013, has a cumulative capacity of over 500MW under operation and development, serving more than 150 commercial and industrial customers in over 200 locations across India, the Middle East and South-East Asia.

Petronas president and Group CEO Tan Sri Wan Zulkiflee Wan Ariffin said the acquisition reflects Petronas’ strategy to grow in the renewable energy space as part of its strategy to step out beyond O&G into the new energy business.

“This also represents our first international solar venture and we look forward to providing energy solutions to our customers in these high-growth energy markets,” he said in a statement yesterday.

I Squared Capital founding partner Gautam Bhandari said M+ has grown by over 400% annually under I Squared Capital to become a world-class, end-to-end company serving the corporates in Asia to reduce their greenhouse gases and combat climate change.

Meanwhile, Petronas is also working on a number of clean energy initiatives in Malaysia such as the joint development of large-scale solar photovoltaic power plants and on-campus energy optimisation and solar rooftop projects.

This will be done in collaboration with UiTM Holdings Sdn Bhd, the investment arm of Universiti Teknologi Mara.

Read more at https://www.thestar.com.my/business/business-news/2019/04/16/petronas-to-acquire-renewable-energy-firm/#imbqMcKRy8Px3Vgp.99

Electricity/Power Grid

China’s pipeline project brings 24-hour electricity supply to Myanmar

16 April 2019

–

Myanmar

A wharf on Made Island, the starting point of the China-Myanmar crude oil and gas pipeline, awaits giant oil tankers. Courtesy: China-Myanmar crude oil and gas pipeline project

It was completely dark outside at night when this Global Times reporter visited Kyaukpyu county, Myanmar eight years ago. Now, the city has witnessed tremendous changes thanks to the China-Myanmar crude oil and gas pipeline, a pioneer project of the China-proposed Belt and Road Initiative, local citizens told the Global Times.

The pipeline project serves as the fourth energy import channel after the China-Central Asia pipelines, China-Russia oil pipeline, and the Middle East. As a result, the project has a strategic significance for China’s energy diversification and security, said Zhang Qiang, manager of the project of Sino-Pipeline International Company. He noted Myanmar also benefits a great deal from the project.

Filling up

An oil tanker stops at a western Myanmar port in Kyaukpyu county. Three oil delivery pipes are lowered down to unload oil into its 100,000-ton oil storage tank.

That oil will go through the 771-kilometer-long China-Myanmar crude oil pipeline and head to China from Namhkam, Shan State in eastern Myanmar.

In the same way, the natural gas gathered from southwestern Myanmar will go through the China-Myanmar gas pipeline.

“The China-Myanmar crude oil and gas pipeline allows crude oil from the Middle East to bypass the Malacca Straits and go ashore on Made Island, which faces the Andaman Sea in the Indian Ocean. The oil will eventually arrive in China’s southwestern region,” Zhang told the Global Times.

He noted that Myanmar requires less than 2 million tons of crude oil and 2 billion cubic meters of natural gas to promote local economic development and raise people’s standard of living.

Every day, about 602,700 cubic meters of natural gas are supplied from the starting station in Kyaukpyu county and transferred to the local power station.

Inh Malh owns the tallest building in the county. At least half of the 40 rooms in the eight-floor hotel are usually booked, according to him.

“Nobody wanted to visit Kyaukpyu county in the past, because it used to be totally dark at night. Locals didn’t want to go outside either. The electricity provided by the government could only be used for two to three hours per day. Private electric lamps cost $30 per month,” he said, “Now, the county’s economy has improved a lot thanks to the China-Myanmar gas pipeline, because the electricity generated in the power station came from the natural gas transferred via the pipeline.”

About 60 percent of the townships and regions in Myanmar are unable to guarantee uninterrupted power supplies. Forty days after the pipeline project went into operation in September 2013, the Kyaukpyu station started supplying natural gas to local power stations. The daily power supply increased from three hours to 24 hours, and electricity charges were also reduced.

“With the natural gas provided by the China-Myanmar gas pipeline, Kyaukpyu becomes the first county in Rakhine State to generate power with natural gas and realize a 24-hour power supply,” the head of Kyaukpyu county said.

In addition to Kyaukpyu, the northern Mandalay and central Yenangyaung gas stations can provide about 2.7 million cubic meters during peak hours to ease energy demand.

The 793-kilometer China-Myanmar natural gas pipeline has six stations, and aims to transfer 12 billion cubic meters of natural gas annually. Myanmar’s usage comes to less than 20 percent of the total traffic amount.

According to Yuan Yundong, head of the project’s production and operation team, the China-Myanmar natural gas pipeline helped Myanmar collect 3.1 billion cubic meters of natural gas as of February, which goes to power stations in Kyaukpyu, Taneekarn and Mandalay.

The pipeline started operating in May 2, 2017. As of February, it has transferred 17.53 million tons of oil to China. The potential traffic amount at the five stations is 22 million tons.

Chinese and Myanmar workers operate the machines at the Sinkontai pump station. Photo: Sun Guangyong

Bringing jobs

According to the Asian Development Bank, Myanmar’s economic growth looks set to be first among the Southeast Asian nations. The China-Myanmar pipeline project solves the problem of Myanmar’s downstream market, earns foreign exchange through exports and brings in national revenue.

In terms of employment, statistics show the pipeline project hired more than 2.9 million people and more than 6,000 local people were employed during the construction peak.

What’s more, the project provides training for around 800 Myanmar workers, accounting for 80 percent of total employees, in positions ranging from installation worker to welders.

Hn Um, who graduated from the department of mechanics at the University of Yangon, is now a technician at Mandalay station. He previously studied in China’s Southwest Petroleum University.

“We learned advanced technology from the training, which is needed not only for running the pipeline but also for our country,” he said.

Electricity/Power Grid

Asian Energy Company Bangchak Invests in Enevate’s Fast-Charging EV Battery Technology

16 April 2019

–

Thailand

California-based Enevate Corp., whose innovative battery technology is addressing extreme-fast charge times for electric vehicle (EV) batteries, announced that Thai energy giant Bangchak, through its Bangchak Initiative and Innovation Center (BiiC), has invested in the company.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190416005308/en/

Enevate aims to make EV charging as fast and easy as pumping gas/petrol (Graphic: Business Wire)

“This is a significant investment for us, not only from a financial perspective but as further indication of the energy industry’s strong interest in our groundbreaking solutions as EV demand grows and consumers demand vastly shorter battery charging times,” said Enevate CEO Robert A. Rango. “With this investment, Bangchak becomes an important partner in our mission to provide advanced battery technology that will help drive the growth of global EV markets with as little as five-minute charging times.”

Rango added: “We see a day in the not-too-distant future when EV drivers will be able to pull up to drive-thru charging stations that will look much like today’s gas stations, charge up and be back on the road in five minutes.”

“Bangchak’s investment in Enevate reflects our mission to seed innovative technologies and support continuous development of solutions in pursuit of environmental stewardship and sustainability in the energy business,” said Chaiwat Kovavisarach, President and CEO, Bangchak Corporation Public Company Limited. “Enevate is renowned for its expertise in the development of innovative extreme-fast charging lithium-ion batteries for EVs, with an ability to charge 10 times faster than current conventional batteries. We are excited to be a part of their pioneering work.”

The companies did not disclose the investment amount.

Enevate’s HD-Energy® Technology for EVs features five-minute fast charging with high energy density and long driving range with added focus on low-temperature operation for cold climates, low cost and safety benefits. This short charging time is superior to any other Li-ion technology available today.

Enevate licenses its silicon-dominant HD-Energy Technology to battery and EV automotive manufacturers and suppliers worldwide to quickly achieve production volume and accelerate adoption of next-generation features that take EVs to the next level.

ABOUT ENEVATE

Enevate Corporation, with global headquarters in Irvine, Calif., develops and licenses advanced silicon-dominant Li-ion battery technology that revolutionizes the electric vehicle (EV) market by breaking down barriers to EV adoption. Enevate’s pioneering work on silicon-dominant anodes and cells has resulted in its breakthrough HD-Energy Technology featuring extreme-fast charging with high energy density, excellent low-temperature operation for cold climates, low cost, and safety advantages over conventional graphite Li-ion batteries.

Investors include Renault-Nissan-Mitsubishi (Alliance Ventures), LG Chem, Samsung, Mission Ventures, Draper Fisher Jurvetson, Tsing Capital, Infinite Potential Technologies, Presidio Ventures – a Sumitomo Corporation company, Lenovo and CEC Capital. To learn more about, or to license, Enevate’s industry-defining battery technology, visit www.enevate.com. Enevate®, the Enevate logo, HD-Energy, and eBoost® are registered trademarks of the Enevate Corporation.

ABOUT BANGCHAK

Bangchak Corporation Public Company Limited is a Thai energy company engaging in business alongside social and environmental stewardship. Bangchak is committed to bringing disruptive and Greenovation, founded on good corporate governance, through inclusiveness and sustainability, for industrial transformation. Its core businesses include petroleum refining, gas service stations, green power plants and bio-based business. The Bangchak Initiative and Innovation Center (BiiC), with a focus on New S-Curves Businesses, comprises three divisions: Research & Development, Corporate Venture Capital, and Ecosystem & Incubation.

Oil & Gas

What Will It Take for Cambodia to Actually Strike Oil and Gas?

16 April 2019

–

Cambodia

A new set of international companies are optimistic about Cambodia’s nascent oil and gas industry, but they are investing in an extractive business that has proven costly and yielded only delays, not yet profit.

The Canadian-listed gold mining company Angkor Gold announced this year that it would start exploring oil and gas blocks onshore in Cambodia, expanding out from its gold and copper endeavors which have yet to deliver any profit for the company. Angkor Gold would not disclose any details on which location they may choose to explore, but their website explains the company is negotiating with the government for 7,000 square kilometers, with particular interest in the Kampong Som basin, an area southwest of Phnom Penh where thermal conditions indicate a possibility for oil or dry gas.

The exploration comes off the back of KrisEnergy’s pledge to extract Cambodia’s first drops of oil later this year. The Singapore-based oil and gas company announced that it would begin production in 2019 from a reserve holding an estimated 400 million barrels. If successful, they will finally reap the long-awaited rewards of a reserve that’s stymied oil-and-gas giant Chevron for more than a decade, and perhaps turn around the company’s piling net losses and declining stock performance.

Enjoying this article? Click here to subscribe for full access. Just $5 a month.

Among KrisEnergy’s explorations in the region, the publicly-traded company has deferred its exploration where it could, due to downturns in the commodity cycle and volatile oil prices. The company’s 2018 unaudited capital expenditure was at $56.3 million, down from a projected $96.8 million, said KrisEnergy’s VP for Investor Relations and Corporate Communications Tanya Pang in an email. The company relinquished three exploration blocks in 2017 in favor of pursuing the development project in Cambodia’s Block A and other assets off the Thai coast, she continued.

In contrast to KrisEnergy’s positive outlook toward Cambodia, the companies exploring onshore and offshore oil and gas reserves in Cambodia have been more likely to pull out of their investment than strike black gold.

Onshore explorations have proven particularly difficult. Angkor Gold is the only company that’s currently exploring any of Cambodia’s 19 onshore blocks, but they’re not the first to take interest. Vietnam’s state-owned oil and gas firm PetroVietnam was the previous holder of an exploration license for Block XV – a stretch covering nearly 7,000 sq km just north of the massive Tonle Sap lake. Cheap Sour, director general for the Ministry of Mines and Energy, said the company lost its license due to noncompliance with the government’s contract, without providing any specifics.

At the most basic level, the Cambodian government has never conducted an official survey of the land to determine the greatest potential reserves, said Mout Chantheany, social and environmental network coordinator for DPA Cambodia. The nation’s onshore block offerings span almost the entire country, so companies enter oil and gas exploration agreements without specific details on which section could hold the highest potential and embark on a costly endeavor.

For Angkor Gold – which is changing its name to Angkor Resources given the exploration – the enabling factor is improved oil prices from five years ago, said John-Paul (JP) Dau, president for Angkor Gold. The company has been eyeing Cambodia’s oil and gas industry for the last five to six years, Dau said, and multiple executives had previous experience in oil and a desire to re-enter the industry. In that same time span, Cambodia’s authority for oil and gas transferred from a separate state entity, the Cambodian National Petroleum Authority, to the Ministry of Mines and Energy, with which was Angkor Resources already familiar from its mineral projects.

“If you don’t have the financials and you don’t have the background, don’t bother, because I would say the ministry will not really entertain you as a possible option to get involved,” Dau explained. “But if you have the financial background, if you have the technical expertise to do it, I would say yeah, you should look [to Cambodia].”

KrisEnergy is not the first to promise Cambodia oil. Chevron’s local subsidiary once aspired to begin production in 2009 after discovering deposits in Block A in 2004. The company entered the exploration with a 55 percent stake in the investment, with the beleaguered (and now defunct) Cambodian National Petroleum Authority holding a 5 percent stake. When production stalled, Cambodian Prime Minister Hun Sen threatened to take the U.S. company’s license. With production stuck and the company refusing to agree to the Cambodian government’s demand for 70-80 percent of the revenue share, Chevron sold 30 percent of its stake at the end of 2009, and then its remaining 25 percent in 2014, to KrisEnergy. The company sunk more than $160 million into exploration, and reportedly damaged relations with the government, all without extracting a drop of oil, much less any profit.

Another high-potential block has been similarly passed between multiple companies. The Singapore-listed Mirach Energy last held the exploration license for Block D through an association with China Petroleum Holdings Limited, but they quietly divested in the company in 2016 after the partnership lost their $7.5 million investment and incurred another $5.1 million in losses, according to their 2017 Annual Report. Mirach could not be reached for comment.

Since deals with Chevron, Mirach, and China Petroleum Holdings Limited failed, the Cambodian government’s outlook toward oil has been rosier. At this month’s Extractive Industry Governance Forum the Mine and Energy Ministry signaled they see great potential in Cambodian oil and gas. The lack of legislation and infrastructure put that enthusiasm on edge.

A petroleum law that would establish taxation requirements has long been in the making, Chantheany explained, but the government has been slow to jumpstart these efforts since it restructured the presiding ministry after the 2013 national election and changed jurisdiction of the state’s petroleum company. Chantheany said her organization is also concerned that the government has not factored in crucial costs involved in the industry – namely, operations and management as well as how to tamp down contracts when reserves inevitably deplete. The draft law is still underway, and probably slowed by the government’s overarching need to overhaul its taxation structure in a way that adds transparency needed for international business.

Dau said Angkor Gold would have to explore first and verify there is even oil or gas in Cambodia before the company could seriously discuss to how share production profits with the government. To Dau, frontier markets like Cambodia are ideal for exploration because investors are less conservative than those in Alberta, Canada, where he entered the industry. Cambodia’s extractive industries have been plagued by illegal mining, over which authorities have slowly tried to gain control. But Dau defends the lax regulation at the moment, which he says allows his company to utilize best practices from Canada without facing increasing restrictions on pipeline drilling that grew as Canada grew into a global player.

But revenue share could be a deal-breaker. The company has more than $32 million in accumulated deficit in Cambodia, but Dau said they would have no choice but to pull out if they don’t feel they would make much after production costs.

“The most important thing is the revenue share,” Dau said. “The government has to look at it as a whole: what the companies get, what the government gets. That’s still being ironed out, and at that point [when it’s established], we’ll decide whether to stay.”

Electricity/Power Grid

Drone monitors transmission lines of Indonesia’s state electricity distributor

15 April 2019

–

Indonesia

Unmanned aerial vehicles (UAVs) or drones can be used to monitor electricity transmission lines.

This was the conclusion of trials conducted recently by Terra Drone Indonesia and Japan’s Central Research Institute of Electric Power Industry (CRIEPI).

The demo was conducted using Terra Wing drone at PT PLN (Persero) main transmission unit (UIT) in East Java and Bali (JBTB). The drone was able to monitor two kilometers of electricity lines covering four transmission towers in 10 minutes.

The demo has also proven that drone technology can be used to safely carry out mapping and monitoring in high-risk areas such as energy and utilities.

As Indonesia’s state electricity corporation, PT PLN (Persero) needs to ensure optimum power distribution in the country. The two companies reported after the trials that PLN is bullish about using drones as the “technology has proven to reduce risk to human workers in high-voltage areas.”

Terra Drone Corporation, headquartered in Tokyo, is a provider of industrial drone solutions with 20 branches globally, including the Asia-Pacific.

The company provides drone technologies empowered with LiDAR and photogrammetric surveying methods for construction, electricity, energy, and oil and gas sectors. It specializes in high-performance hardware, software, drone services, and drone traffic management systems (UTM).

Terra Wing, the drone used for the PTN trials, is a fixed-wing drone developed especially for topographic survey purposes in sectors like infrastructure, mining, agriculture, and utilities.

Data obtained from drone monitoring are in the form of a point cloud or 3D model of the power line, derived using a software system developed jointly by Terra Drone and CRIEPI, the company said.

“This data can be analyzed to understand the distance between cables and to identify parts that have started to become loose. The data also acts as an efficient vegetation management solution because potentially disruptive foliage surrounding the power lines can be easily identified in great detail and with high accuracy using drones,” it added.

In January 2019, Terra Drone has invested in AeroGeosurvey Indonesia to form Terra Drone Indonesia.

Established in 2016, AeroGeosurvey provides solutions for industrial application, including aerial mapping and modeling, as well as aerial inspection and monitoring.

With Terra Drone technology coming into the company, Terra Drone Indonesia is envisioned to be able more drone applications in other Indonesian industries.

Michael Wishnu Wardana, Director of AeroGeosurvey, said in a media statement at the time that with Terra Drone’s investment in the company, they will be able to provide a higher level of service by utilizing, for example, the company’s 3D surveying know-how and the LiDAR system Terra LiDAR.

The terms of the investment were not disclosed.

Coal

SMC to develop more clean coal power plants

15 April 2019

–

Philippines

MANILA, Philippines — San Miguel Corp. (SMC) intends to continue developing clean coal power plants, as well as pursue renewable energy projects and battery technology developments with room still to grow in its power portfolio.

As of end-2018, SMC Global Power Holdings Inc. has an installed capacity of approximately 19 percent of the national grid, 25 percent of the Luzon grid and nine percent of the Mindanao grid, as stated in a regulatory filing.

Under the Electric Power Industry Reform Act of 2001 (EPIRA), no company can own, operate or control more than 30 percent of installed generating capacity (IGC) of a grid and 25 percent of the national IGC.

SMC Global Power said it plans to expand its portfolio through strategic development of greenfield power projects and acquisition of existing power plants.

In putting up new projects, it will not shut its door on coal power plants, particularly clean coal technology, which “remains the most reliable and cost-efficient fuel source for greenfield power projects.”

That’s why it will continue to consider putting up the 4×150-megawatt (MW) circulating fluidized bed coal-fired power plant in Mariveles, Bataan and the 600-MW coal power plant in Pagbilao, Quezon.

These projects – under Mariveles Power Generation Corp. and Central Luzon Premiere Power Corp., respectively – were previously halted after acquiring the Masinloc coal-fired power plants in Zambales province in December 2017. The transaction closed in March 2018.

The Bataan power plant was originally eyed for completion in 2020 and the Quezon power plant for commercial operations in 2021.

The two power projects were also part of the controversial power supply agreements of Manila Electric Co. (Meralco), which were filed a day before the extended competitive selection process (CSP) deadline.

Currently, SMC Global is doing final works on the 335-MW Unit 3 expansion of the Masinloc Power Plant – which it acquired from AES Philippines. It has tapped Posco Engineering & Construction, and Ventanas Philippine Construction as engineering, procurement and construction (EPC) contractors.

“Unit 3, which is envisaged as a brown-field/expansion project within the Masinloc Power Plant site, is substantially complete as of Dec. 31, and is expected to commence commercial operations by 2Q of 2019,” it said.

The SMC power unit is also completing the 160-MW Unit 4 of the Limay Greenfield Power Plant, which is expected to commence operations within the second quarter.

Apart from coal, SMC Global Power is also focused on investing in battery energy storage systems (BESS) and renewable energy projects as part of its objective to operate in an environmentally-responsible manner while considering energy security and affordability.

“The company is focused on further investments in battery technology to add to the existing 10-MW Masinloc BESS and the planned 2×20-MW Kabankalan BESS,” it said.

For the Kabankalan BESS, SMC Global is in the process of finalizing its EPC contract “with one of the leading battery EPC contractors worldwide.”

The DOE has approved the grid impact study for the 16 BESS projects being developed by SMCGP Philippines Energy Storage Co. Ltd., a unit of SMC Global Power Holdings Corp.

SMCGP Philippines Energy Storage Co. Ltd. had also sought for grid impact studies for 16 BESS projects – eight in Luzon, four each in Visayas and Mindanao.

“SMC Global Power also actively seeks to identify and pursue renewable energy investments in hydro-electric and solar projects, subject to the outcome of viability and feasibility analyses,” the firm said.

Last year, SMC president and COO Ramon Ang said the company is targeting up to 10,000 MW of new renewable energy capacity in the next 10 years.

The development of greenfield projects will coincide with the planned improvements in the interconnectivity of the Luzon and Visayas grids, as well as the eventual interconnectivity and implementation of the wholesale electricity spot market in Mindanao.

These will also be strategically locating them in high-demand areas and in areas with the closest proximity to the grid.

Oil & Gas

Big-time oil price hike on April 16

15 April 2019

–

Philippines

MANILA, Philippines – Prices of petroleum products will rise for the second consecutive week on Tuesday, April 16, as global developments put upward pressures on oil.

Shell and Petro Gazz will increase prices of gasoline by P1.05 per liter, while diesel will be hiked by P0.75 per liter.

Shell will also increase prices of kerosene by P0.60 per liter. Petro Gazz does not carry kerosene.

Other companies are most likely to implement the same adjustments.

The new prices will be implemented at 6 am on Tuesday.

Year-to-date adjustments stand at a net increase of P7.95 per liter for gasoline, P5.40 for diesel, and P4.05 per liter for kerosene.

The Department of Energy said increases came as crude oil prices in the international market witnessed a robust leap, hitting $70 dollar per barrel last week.

Petroleum-exporting countries also agreed to cut output to prevent excess supply from growing. – Rappler.com

Others

Malaysia gets first-ever EV car

15 April 2019

–

Malaysia

According to a recent report, a major multinational German automobile manufacturer announced that unveiling of its first Battery Electric Vehicle (BEV) or pure electric vehicle at the Malaysia Autoshow 2019.

The first-ever i3s adds to the premium automaker’s portfolio of “Visionary Mobility” vehicles and reinforces the company’s Malaysia branch as the leading e-mobility provider in the country.

The Malaysia head of sales noted that the first-ever i3s is a strong testament to the company’s commitment to shaping the Future of Mobility in Malaysia.

The firm has continuously driven initiatives for innovation, local assembly capabilities, and awareness on new and clean technology for the automotive industry as well as developing the infrastructure for premium vehicles in the country.

With the first-ever i3s, Malaysia’s first pure electric vehicle in the premium segment, the company look forward to continuing driving the Story of Visionary Mobility forward.

In line with the Malaysia branch’s goal to drive the future of sustainability forward, the introduction of the first-ever i3s strongly contributes to the National Automotive Policy 2014 that aims to make Malaysia a regional energy-efficient vehicle (EEV) hub by 2022.

With its targeted 80% penetration of EEVs in the total industry volume by 2022, the company’s Malaysia branch is committed to furthering its support for the national agenda with the first-ever i3s – Malaysia’s first pure electric vehicle in the premium segment.

Having previously delivered more than 120,000 units of i3 vehicles globally, the first-ever i3s now brings more polished styling accents, advanced integrated technology and a clean design that keeps sustainability in mind every step of the way.

Not only is it a powerful electric vehicle, but it is also 80% furnished with recycled and renewable resources – thus staying true to the company’s Malaysia branch commitment to automotive sustainability.

With the refinement of the company eDrive technology, the new i3s guarantees a locally emission-free drive without compromising on driving force and energy efficiency.

The EV generates an impressive maximum output of 184hp, making it the most formidable machine of its class.

The i3s and the portfolio of the company’s iPerformance vehicles are supported by the ChargEV platform through Malaysia branch’s partnership with GreenTech Malaysia.

Built for high-powered performance, the first-ever i3s has “a formidable synchronous electric motor with a Single-Speed Automatic Transmission.

The EV can reach speeds of up to 160km/h, via its maximum output of 184hp, with a peak torque of 270Nm.

The car can sprint to a standstill to 100km/h in just 6.9 seconds.

Its lithium-ion high-voltage battery locates low in the vehicle floor provides the i3s a range of 260km based on the Customer Oriented Electric range in everyday use.

Its other features include outstanding driving dynamics and supreme handling agility, sporty handling with zero local emissions, sports suspension with custom-made springs, dampers and anti-roll bars, an “optimised” Dynamic Stability Control and Dynamic Traction Control, complemented by Cornering Brake Control, Dynamic Brake Control and the Antilock Braking System with Brake Assist “for a safer drive no matter the traffic condition”.

Malaysia’s National Automotive Policy

The National Automotive Policy (NAP) was introduced in 2006 to transform the domestic automotive industry and integrate it into the increasingly competitive regional and global industry network.

The objectives of the NAP 2014 are to:

develop a competitive and capable domestic automotive industry;
develop Malaysia as the regional automotive hub in Energy Efficient Vehicle (EEV);

increase value-added activities in a sustainable way while continuously developing domestic capabilities;

increase exports of vehicles, automotive components, spare parts and related products in the manufacturing and aftermarket sectors;
increase the participation of competitive Bumiputera companies in the domestic automotive industry, including in the aftermarket sector;
enhance the ecosystem of the manufacturing and aftermarket sectors of the domestic automotive industry; and,

safeguard consumer interests by offering safer and better quality products at a competitive price.

To ensure a sustainable automotive industry, the Government will take various measures to ensure that the automotive industry is competitive, domestically and globally.

In addition to introducing measures that are aligned to global and regional technology changes and developments, the NAP 2014 also aims to make Malaysia the regional EEV hub by the year 2020.

News Clipping

User Dashboard

Back To ACE

User Dashboard