BANGKOK • A future coal-fired power station in central Vietnam may soon be funded by Singapore’s DBS Bank, according to environmental groups familiar with the matter. This is despite DBS announcing in April that it will stop financing new coal-fired power plants after honouring existing commitments. In a letter to DBS chief executive Piyush Gupta […]

PUTRAJAYA, Oct 15 — Sustainable Energy Development Authority Malaysia (SEDA) made significant savings for renewable energy (RE) fund when it introduced e-bidding exercise last year. It’s chairman Wong Kah Woh said the first biogas e-bidding exercise last year saw an average saving in the RE fund of RM12.949 million a year, while the second exercise […]

KUALA LUMPUR, Oct 14 — Malaysian banks are expected to issue green bonds and sukuk to spur the growth of the renewable energy sector, said RAM Sustainability chief executive officer Promod Dass said. A statement from RAM Sustainability today quoted him as saying at a recent conference that the sound credit profiles of Malaysian banks […]

The Asian Development Bank has signed an agreement with Singapore’s Infrastructure Asia to mobilise the much-needed funding for sustainable infrastructure across Southeast Asia. The two will help governments in the region to develop sustainable finance models as well as identify and develop bankable infrastructure projects. ADB and Infrastructure Asia will target state-owned enterprises and regional […]

KUALA LUMPUR, Oct 11 — The federal government will replace the Power Purchase Agreement (PPA) mechanism to an open market system. In tabling the Supply Bill (Budget) 2020 in Parliament today, Finance Minister Lim Guan Eng said this would enable renewable energy suppliers to compete directly in the retail market. “As part of the liberalisation […]

MALAYSIA’S goal to increase its renewable energy (RE) mix to 20% by 2025 is estimated to attract RM33.25 billion in private investments, creating new employment and business opportunities. Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin said this estimate is a result of a study her ministry commissioned to determine the monetary […]

Malaysia’s Sustainable Energy Development Authority (SEDA) and an Australian technology firm will together launch an eight-month pilot project of the firm’s peer-to-peer energy trading technology.  The deal will see the firm test its blockchain-enabled P2P platform in Malaysia, with a trial due to start later this year. That pilot scheme will run for two months in an alpha test […]

PETALING JAYA: Malaysia’s renewable energy policies got a further boost in Budget 2020 with the Green Investment Tax Allowance (GITA) and Green Income Tax Exemption (GITE) receiving an extension to year 2023. Finance Minister Lim Guan Eng announced the green tax measures to help the nation achieve its target of 20% renewable energy mix by […]

KUALA LUMPUR: CIMB Bank Bhd today launched its renewable energy financing for micro, small and medium enterprises (SMEs) in Malaysia, part of its RM15-billion SME allocation for 2019-2020 and CIMB Group’s sustainability commitment. The programme was launched at CIMB’s The Cooler Earth Sustainability Summit, witnessed by Energy, Science, Technology, Environment and Climate Change Minister Yeo […]

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has announced that the implementation of Imbalance Cost Pass-Through (ICPT) mechanism will be continued for the period of 1 July until 31 December 2019. The national utility company in an exchange filing today said for the period of 1 January until 30 June 2019, the additional generation cost or […]