Mersing: Bank Islam Malaysia Berhad (Bank Islam) is spearheading an initiative to enhance the operations of 25 fishing boats in the Mersing district by implementing solar photovoltaic (PV) technology. This project aims to reduce the fishermen's reliance on diesel fuel while encouraging the adoption of renewable energy sources.
According to BERNAMA News Agency, the social finance director of Bank Islam, Mohd Zikri Mohd Shairy, highlighted the unpredictability of global fuel prices which significantly affects the operating costs for fishermen. By transitioning to solar energy, financial risks can be minimized, offering a more stable long-term income for the fishermen. The initiative is also aligned with environmental sustainability goals and aims to lower diesel engine noise, potentially increasing catch yields and providing monthly savings of around RM150 on fuel costs.
The project was inaugurated by Bank Islam's group chief operating officer and group chief sustainability officer, Mohamed Iran Moriff Mohd Shariff, alongside Johor's director of the Malaysian Fisheries Development Authority (LKIM), Haslin Marlina Hashim. With a budget close to RM150,000, the project is designed using the Social Return on Investment (SROI) framework and executed by Sadaqa House in partnership with Universiti Teknologi Malaysia (UTM), with support from the Lembaga Tabung Haji.
Mohd Zikri further noted that the initiative not only improves operational efficiency but also contributes to reducing carbon emissions and promotes the use of safe, sustainable energy, which is vital for marine conservation. Additionally, the solar system automates water removal processes in the boats, reducing the need for fishermen to frequently visit the jetty for maintenance.
The project also includes community empowerment efforts, such as upgrading jetty facilities and supporting micro-enterprises among fishermen's families, with a contribution of approximately RM50,000. This includes activities like producing salted fish and otak-otak. Furthermore, the project involves 180 students from UTM, polytechnics, community colleges, and industrial training institutes, offering a platform for practical training and knowledge transfer, which aids in human capital development.
The cost of installing the solar system on each boat ranges from RM6,000 to RM7,000 and includes the use of long-lasting lithium batteries. Bank Islam aims to expand this initiative to Morib, Selangor by the end of the year.