Sarawak is confident that the global economic downturn will have minimal impact on the implementation of the Sarawak Corridor of Renewable Energy (Score), Chief Minister Tan Sri Abdul Taib Mahmud said Wednesday.
He said negotiations with parties which had indicated an interest in investing in Score were still ongoing.
“The investment programme of solid companies (in Score) will be on track,” said Taib, who is also the state’s Finance Minister.
“I’m not too worried. The global economic downturn may affect the implementation of Score by maybe six months to a year but I don’t think it will undermine it,” he said after receiving the Yang Dipertua Negeri, Tun Abang Muhammad Abang Salahuddin, on his return from Kuala Lumpur at the Kuching International Airport here.
Taib said he was optimistic that good companies with excellent record would be able to make their investments after the credit crunch.
He said all governments in the world, whether in the developed or developing countries, had acted in unison to boost the ailing economies.
Taib said the state would make sure that programmes to escalate power generation were on track despite the global economic downturn.
“As you can see, Murum dam is on track and we are going ahead with the feasibility studies on Baram and Pelagus as these are the essence of Score. We must make sure that power generation programmes go on,” he said.
Score, located in the state’s central region, stretches 320 kilometres along the coast from Tanjung Manis in Mukah to Similajau in Bintulu and extends into the hinterland, covering remote, semi-urban and urban centres of growth.
The core of the corridor is energy resource, particularly renewable energy such as hydropower, coal, and natural gas found in abundance within the central region.
Launched early this year, Score is expected to be one of the main growth drivers towards enhancing more cluster-based industries once fully developed.