The new Capital Contribution Calculation (CCC) objective is to improve the transparency of connection charges and enhance the ease of implementation of the charges. The new CCC will be in a form of fixed rate with the use of a per-kW unit rate as the basis of the CCC charge means that customers will only pay for the amount of load they have applied for which will enhance the predictability of the CCC.
A review of the contribution rate of charge will certainly have a positive impact on all parties, particularly the industry players and it'll also help boost the construction sector throughout the State of Sabah.
In giving his opening speech at the afternoon talk in Wisma SESB, SHAREDA President, Mr Chew Sang Hai said that he was given the opportunity to study the CCC 16 years ago.
"I'm glad that the announcement of the revised CCC is aptly presented on my SHAREDA Presidential appointment. This is indeed a great news for all the SHAREDA members and industry players", he said.
When asked about the reduced of property prices, Chew said that a house price is determined by the demand and supply. The revised CCC will, however, benefit the affordable properties more than it would for the high-end properties.
The afternoon talk session was jointly organised by SESB and SHAREDA at Wisma SESB on Monday, May 16.
Also present were the SESB Senior General Manager (Asset Manager), Ir. Mohd Yaakob bin Jaafar, SESB Chief Engineer, Ir. Retty Felicia Simok, SESB Chief Utility Tariff and Economics, Ir. Magdalene Chu, SHAREDA Deputy President, Datuk Sr. Chua Soon Ping and SHAREDA Vice President (1), Mr Chai Meng Kong, representatives of the property developers, consultants and interested parties.