Sarawak’s Premier, Tan Sri Abang Johari Openg, is set to become a voice in global discussions on climate change and renewable energy. Scheduled to participate in two key forums in Poland next week. Tan Sri Abang Johari Openg, the incumbent Premier, is a prominent political figure recognized for his dedication to sustainable development and environmental initiatives in Sarawak, a Malaysian state. At the premier, Abang Johari will shed light on Sarawak’s stance and efforts towards energy transition, renewable energy security, decarbonisation, and environmental sustainability. In a statement released by the Sarawak Premier’s Office on April 18, it was announced that…
Author: Lakshita Kapoor
As the Philippines charts its course towards energy security and a cleaner future, it faces a pivotal moment marked by the dwindling reserves of the Malampaya gas field and a burgeoning reliance on imported liquefied natural gas (LNG). With the Malampaya field projected to be depleted by 2027, the country is confronted with the prospect of a significant natural gas deficit, necessitating a shift towards imported LNG to meet its energy needs. According to the Department of Energy (DoE), the depletion of domestic gas sources could leave the Philippines heavily reliant on imported LNG as early as 2025. This reality…
In a significant move towards sustainable energy practices, the Malaysian government has announced the establishment of the Energy Exchange Malaysia (Enegem). This platform aims to facilitate the cross-border sales of green electricity to neighboring countries, aligning with Malaysia’s energy transition goals and its commitment to supporting regional power integration through the ASEAN Power Grid Initiative (APG). The Energy Transition and Water Transformation Ministry released a statement, highlighting the importance of Enegem in promoting green energy trading across borders. The initiative will operate under the guidance of the latest ‘Guide for Cross-Border Electricity Sales (CBES)’ issued by the Energy Commission. The…
Industry leaders and government officials from Hungary and China recently gathered at the 2024 Hungary Renewable Energy Business Investment Summit, highlighting the burgeoning economic collaboration between the two nations. The summit, which coincided with the 75th anniversary of diplomatic relations between China and Hungary and the 10th anniversary of the Hungarian Investment Promotion Agency (HIPA), showcased a promising future for bilateral relations. According to Gergely Karbuczky, HIPA’s deputy CEO and COO, Hungary witnessed a significant influx of foreign direct investment (FDI) last year, reaching a record volume of 13 billion euros, with Chinese investors contributing 7.6 billion euros. Peter Holicza,…
The Malaysian government is continuing its commitment to sustainability by extending the Green Electricity Tariff (GET) program for another year. With a quota offer of 6600 GWh (gigawatt-hours) at premium rates, this initiative aims to encourage users to switch to renewable energy sources, thus reducing their carbon footprint. Launched in 2021, the GET program has already made significant strides in promoting renewable energy adoption. According to the Malaysia Ministry of Energy Transition and Water Transportation (PETRA), the program has supplied over 6,762 GWh of green electricity to more than 2,600 users across various sectors. Responding to the positive reception and…
Swedish-Swiss leader in electrification and automation ABB Ltd technology is setting its sights on bolstering its presence in Malaysia by forging partnerships to strengthen crucial projects in the energy sector. Anders Maltesen, ABB’s Asia President for the Energy Industries, revealed that the multinational corporation is actively engaged in supporting pivotal endeavours within Malaysia, including the Batang Ai initiative, the PETRONAS liquefied natural gas two floating facility, and the nation’s largest crude oil refinery in Melaka. In an exclusive interview with Bernama, Maltesen emphasized ABB’s commitment to nurturing collaborations in Malaysia, aiming to accelerate the nation’s net-zero ambitions. Despite the growing…
Iskandar Investment Bhd (IIB), the leading developer of Iskandar Puteri (Malaysia) in Johor, has taken a significant stride towards sustainability by formalizing a collaboration agreement with Cenergi SEA Bhd, a subsidiary of UEM Group Bhd. This collaboration aims to spearhead various renewable energy (RE) exploration initiatives, marking a pivotal moment in IIB’s journey towards achieving its net-zero aspirations in Medini. According to Datuk Idzham Mohd Hashim, President/CEO of IIB, this collaboration signifies a critical step towards establishing the first net-zero carbon central business district (CBD), focusing on digital innovation and global business services (GBS). By leveraging the expertise of both…
The Sepang Municipal Council (MP Sepang) in Malaysia has recently installed a photovoltaic (PV) system atop its headquarters in Cyberjaya, Selangor. This move is projected to significantly slash the local authority’s electricity expenses by a noteworthy 20%.The PV system, an assembly comprising solar panels, inverters, and associated electrical and mechanical components, marks a pivotal step towards harnessing clean energy sources. According to MP Sepang president Datuk Abd Hamid Hussain, the newly installed solar panels boast an estimated capacity of 470kWp (kilowatts peak), poised to generate approximately 602,409kWh in the inaugural year alone. “This initiative is not only financially prudent but…
In the ever-evolving landscape of renewable energy, China emerges as a pivotal player, wielding substantial influence over global clean energy deployment. According to a latest report from the International Energy Agency (IEA), 2023 marked a significant milestone, witnessing a remarkable surge in clean energy installations worldwide. Solar PV and wind energy installations surged by 85% and 60%, respectively, with nearly 540 GW of capacity additions globally. Notably, China spearheaded the majority of these advancements, underscoring its dominance in the renewable sector. However, while clean energy deployment soared, it remained heavily concentrated in advanced economies and China, leaving other regions behind.…
In a move towards sustainable energy initiatives, Bank Islam Malaysia Berhad recently solidified its commitment to Malaysia’s energy transition efforts by signing a financing agreement with Sand Town Solar Sdn Bhd (STS) worth RM91.5 million. The signing ceremony, held in Kuala Lumpur recently, was attended by Malaysia’s Deputy Prime Minister and Energy Transition and Water Transformation Minister, Datuk Seri Fadillah Yusof, underscoring the significance of the occasion. The agreement marks Bank Islam’s pioneering role as the first Islamic banking institution to provide financing facilities for private companies under the New Enhanced Dispatch Agreement (Neda) mechanism. Ahmad Haliman Abd Halim, Bank…