The Bakum dam construction work has come to the final stage and is expected to start operating soon. What is the implication of the Bakun power project - which is capable of generating 2,400 megawatts when fully operational - to us?

Is this a benchmark to show that we are beginning to move towards the New Economic Model (MBE) which amongst other emphasises on innovation and creativity to raise the income of our nation?

As all of us know, energy is an important element in our daily life especially for the world's major manufacturing countries such as Malaysia.

One of Malaysia's attraction to foreign investors is the country's electricity supply service which is not only cheap but also reliable. Malaysia's electricity tariffs are one of the lowest in the region as a result of substantial amount of subsidies financed by the Malaysian government

But in times of comfort, we must also plan for sustainable development. We cannot rely on subsidies forever. The Chinese proverb says ‘do not dig the well only to quench your thirst’. We need to find alternatives to protect us from crises, so the country can continue to grow.

The construction of hydro-electric projects is in accordance to the principle of sustainable growth and green technology. Water is a renewable source of energy because it rains throughout the year in our country.

In long run, the Bakun project will enable us to acquire reliable electricity power supply at a low cost. This in turn will attract foreign and local investors to establish their industries here. As a result, more jobs will be created to increase national income.

Apart from that, the Bakun dam will also serve as a flood mitigation system to prevent floods during the monsoon season. This will make the lives of farmers and residents in the vicinity more secure.

A good government is not only concerned about the daily life of the people but is also able to plan with creativity and innovation to ensure that the nation can continue to grow in an era which is full of competition and uncertainty.