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Malaysia will be equipped with 40% renewable energy, by 2035. Datuk Ali Biju, Deputy Minister at Energy and Natural Resources Ministry stated that the renewable energy installation rate has reached 23%.
He stated that Malaysia’s shift to a low-carbon energy system in electricity supply was guided by the Malaysia Renewable Energy Roadmap Document (MyRER).
“The roadmap, among other things, focuses on increasing Malaysia’s share of four key renewable energy resources, namely solar, hydro, biomass and biogas within Malaysia’s electricity supply system through a balanced but sustainable approach.
He stated that the clean energy transition in the power sector would result in an accumulated direct investment in excess of RM53billion and create 47,000 jobs as well as a 60% reduction in carbon intensity by 2035. During the 2nd Annual Clean Power and New Energy Forum, titled Shaping the Future of Energy Asia, he made this statement.
Tenaga Nasional Bhd’s president and chief executive officer (CEO) Datuk Bakarin Din and James Ung, chief operating officer of Sarawak Energy Group, as well as Petronas Gas Berhad’s independent non-executive directors Datuk Abdul Razak Majid.
Ali stated that the energy sector is crucial in reaching the government’s development goals.