KUALA LUMPUR (Sept 21): Tera VA Sdn Bhd, a wholly owned subsidiary of BM Greentech Bhd (KL:BMGREEN), has urged the government to extend the Net Energy Metering (NEM) and Solar for Rakyat Incentive Scheme (SolaRIS) programmes by an additional two years in the upcoming Budget 2025.
The solar photovoltaic (PV) engineering, procurement, and construction company also called for an increase in the SolaRIS quota to accommodate growing installation demand.
“Expanding solar PV installation coverage can alleviate pressure on the grid and benefit communities reliant on it for electricity,” said managing director Michael Leong in a statement on Friday.
Since the introduction of SolaRIS on April 1, 2024, 667 users have completed solar PV installations under the NEM programme as of July 9, 2024. Following SolaRIS’s launch, daily domestic applications surged from approximately 100 to 150, and the programme’s allocated quota was expected to be…
