Tuesday, May 27, 2014

《伊班民间传统战神祭文》6月22日举行推展礼











作为砂拉越之梦的其中一个项目,行动党将于6月22日(星期日)下午2时,在古晋大洲酒店推展《伊班民间传统战神祭文》(Pengap Gawai Kelingkang Nempalai Kasai)新书仪式。


Wednesday, May 21, 2014

3 important information that Awang Tengah has not disclosed to the people of Sarawak



There is no need for me to apologise but instead, Awang Tengah should make full and frank disclosure to the people of the Sarawak about the profit and accounts of SESCO and Sarawak Energy Berhad (SEB).

Awang Tengah argued that in 2012, SESCO’s revenue is RM1.8 billion and a profit of RM266 million. If electricity prices were reduced by 30%, then SESCO’s income would be reduced by approximately RM500 million and thus SESCO will be making a loss of RM200 million.

This argument may sound plausible if we are still living in the year 2012. 

I used the SESCO’s account figures in 2012 because that was the reported figure and I do not have access to the figures for the year 2013 and 2014.  However, as Minister, Awang Tengah surely has SESCO’s 2013 and 2014 figures, but he did not disclose the figures to the people of Sarawak.



There are 3 important information that Awang Tengah has not disclosed to the people of Sarawak, namely:


1.         SESCO’s actual revenue and profit in year 2013 and 2014

Although I do not have the exact profit and loss accounting figure of SESCO for the year 2013, but we can easily calculate and estimate its approximate profits based on the huge increase in the level of demand for electricity in Sarawak.

According to the answers given by Awang Tengah in DUN, Sarawak’s electricity demand for the years 2012 – 2016 are as follows:

Year
Committed Demand (MW)
2012
1490
2013
2331
2014
2996
2015
3377
2016
3517
  
There is a huge increase in the demand for electricity in Sarawak from 2012 to 2013.  This is mainly due to the sale of electricity to the smelting plants in SCORE, the non-organic customers of SESCO.

If we compare the two figures in 2012 and 2014, the demand and sale of electricity by SESCO doubled and this double in sale is mainly due to sale to the smelting plants in SCORE.  The call by DAP for tariff reduction of 30% will not affect the price for the sale of electricity to these plants.

Therefore, with this double in sales of electricity, given the similar profit margin, the profit of SESCO can easily double to RM500 million for the year 2014, unless there is manipulation of accounts in reporting of the profits. 

This alone can be sufficient to cushion the 30% tariff reduction for Sarawakian.





2.         SESCO is engaging in profit transfer to other subsidiary companies of SEB

Within the SEB group of companies, there are SESCO, and other power plant companies selling electricity to SESCO.  Amongst these power plant companies are the likes of Sarawak Power Generation Sdn Bhd and Sejingkat Power Corporation Sdn Bhd. 

These companies are wholly-owned subsidiaries of SEB and they only sell electricity to SESCO who then re-sell the electricity to the general consumers in Sarawak.

For the financial year of 2012, Sarawak Power Generation Sdn Bhd is earns a profit of RM45 million and for the financial year of 2013, Sejingkat Power Corporation Sdn Bhd earns an after-tax profit of RM23 million.

Their profits comes from the internal pricing of electricity sales to SESCO which in turn reduces SESCO’s profit.  However, as a group of company under SEB Group, their profit should be taken also as the profits of SESCO or SEB.

These have been conveniently omitted by Awang Tengah.


3.         Residue power generation from Bakun can also benefit Sarawakian

Not all the power generated by the Bakun dam will be committed for sale to the smelting plants in SCORE.  Bakun (Sarawak Hydro) only sells firm energy to these smelting plants, and there is still some electricity energy produced which cannot be committed for sale to these smelting plants.

These are called the non-firm electricity energy.

These non-firm electricity can be still be sold to the people of Sarawak.  Given the large power generation capacity of Bakun and its agreed price of RM0.065 per KWh, this residual power (non-firm power) can reduce the costs of generation for the people by at least 20%. 


All these 3 piece of information should be within the knowledge of Awang Tengah who is the minister in charge of utilities.  Why is he not disclosing these relevant information to the people and to the Dewan Undangan Negeri? 

Not only did he not disclose these information in Dewan Undangan Negeri, he refused to allow questions to be asked in relation thereto when I tried to interject him in his winding-up speech in DUN.

As such, there is no need for me to apologise, but on the contrary, Awang Tengah should apologise for not disclosing the figures.

I wish again to remind Awang Tengah and the Sarawak Barisan Nasional government that they owe their position to the people, and thus they should work for the benefit of the people, NOT for the profit figures of SESCO and SEB.

阿旺登雅没有透露的3个重要资讯



阿旺登雅没有透露的3个重要资讯有关砂电力公司是否有能力降低电费率30%

1.   砂电力公司(SESCO2013年和2014年的收入和利润

根据阿旺登雅在砂州议会的回答,砂拉越自2012年至2016年的电供需求如以下:

年份
电供需求
2012
1490兆瓦
2013
2331兆瓦
2014
2996兆瓦
2015
3377兆瓦
2016
3517兆瓦

2012年到2013年,电供需求有很大的暴增,这主要是因为SESCO卖电给座落在SCORE(再生能源走廊)的冶炼业工厂。  我们要求降低电费的诉求,不包括这些冶炼业工厂的电费,这些是由SESCO和它们个别谈判达至协议的电费价格(比SESCO卖电给普遍砂拉越人的价格便宜70%)。

若我们比较2012年和2014年的电供需求,很明显的,SESCO的卖电量增加一倍(100%)。 2012年,SESCO可以赚取2亿6600令吉的盈利,2014年,卖电量倍增,SESCO可赚取的盈利可增至5亿令吉。

单只这笔盈利就可为砂州普通人民降低电费率30%

2.   SESCO和砂能源公司(SEB)内部盈利转移

SESCO只是SEB其中之一的子公司。 除了SESCO之外,SEB还拥有其他如Sarawak Power Generation Sdn BhdSejingkat Power Corporation Sdn Bhd 这些发电厂也是SEB的子公司,而它们的唯一顾客就是它们卖电的对象SESCO。 它们卖电给SESCOSESCO再转卖电给砂州人民。

Sarawak Power Generation Sdn Bhd2012年,赚得4500万令吉的盈利。Sejingkat Power Corporation Sdn Bhd则在2013年赚得2300万令吉的盈利。

这些盈利决定于它们卖电给SESCO的价格。 它们的盈利高,SESCO的盈利就相应的减少,不过,最终,SEB整个组织的集体利润还是一样。 所以,这些发电厂的盈利,也应该算进SESCO的盈利,因为这只是SEB整体的内部盈利转移

3.   巴贡水坝剩余电能可优惠砂人民

巴贡水坝并没有把全部其所生产的电能卖给座落在SCORE的冶炼厂。 有一些Bakun所生产剩余的电能,SESCO无法卖给这些冶炼厂。 这些叫做non-firm energy

由于巴贡水坝的超大发电量和超低卖电价格,这些non-firm energy若用以补助卖给砂州人民的电供,可至少降低SESCO卖给砂州人民的电供成本的20%。 这些non-firm energy去了哪里?阿旺登雅应给砂州人民一个交代。


综合这3个因素,SESCO不只有能力降低电费率30%,而且,降低30%电费率之后,还可赚钱。

这些都是阿旺登雅没有告诉砂州人民的资讯。 因此,我不但没有道歉的必要,反而是阿旺登雅应该向砂州人民道歉他的隐瞒,及坦诚的公布有关SEBSESCO的整体资讯。