Energy Commission studying potential power storage to complement existing power grids
The Energy Commission is studying the potentials of building a Battery Energy Storage System (BESS) to support intermittent solar power. Energy Commission chief executive officer Razib Dawood said the study, expected to conclude by end of the year, would determine its suitability before being proposed to the government.
PM: Malaysia’s renewable energy industry to benefit from world’s desire to reduce carbon footprint
The current global trend in setting aggressive targets to reduce carbon footprints has positively impacted Malaysia, according to Datuk Seri Ismail Sabri Yaakob. The Prime Minister said this was because the increase in investment, as well as the demand for environmentally-friendly electricity supply or green electricity, will open up new economic and business opportunities for […]
Govt set to approve allocation, redistribution of RE quota of 1,200MW for solar resources, PM says
Prime Minister Datuk Seri Ismail Sabri Yaakob said the Government is approving the allocation and redistribution of a renewable energy (RE) quota of 1,200MW for solar resources as an initial step to boost the country’s commitment in the energy transition.
Finance Ministry says will stomach RM5.8b to keep power tariff at current rate despite higher costs
The Ministry of Finance today announced that it will pay RM5.8 billion to national power company Tenaga Nasional Berhad (TNB) to maintain electricity tariffs at the current rate so as not to burden Malaysians.
Petronas secures approval to realign Malaysian-Thai offshore licences
Malaysian upstream company Petronas Carigali has received approval to annex offshore acreages in Malaysia and Thailand, to deliver increased gas volumes in both countries.
Sabah set to regulate own electricity, gas supply
Sabah chief minister Hajiji Noor has set in motion plans for the state to regulate its own electricity and gas supply by setting up the Sabah Energy Commission (SEC) and take over Sabah Electricity Sdn Bhd (SESB).
Solarvest unveils first RE fintech platform in Malaysia
Solarvest Holdings Bhd has launched Malaysia’s first renewable energy (RE) financial technology platform, Powervest. The company said Powervest was complementary to its solar financing solution and was established to promote RE adoption among commercial and industrial players via its zero initial cash outlay proposition.
Malaysia, Singapore to jointly work on digital & green economy
Malaysia and Singapore have substantively concluded a framework of cooperation in the digital economy and green economy. Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said the agreed areas of cooperation in the green economy were in line with the 12th Malaysia Plan’s goal.
Petronas to provide natural gas to Sarawak Petchem and Sarawak Energy
Malaysia’s LNG giant Petronas will supply natural gas to Sarawak Petchem (SPSB) and Sarawak Energy (SEB) from 2023, with the development of an LNG complex in Tanjung Kidurong.
‘Powering’ up ties between Sarawak and Asean
As Malaysia’s largest renewable energy provider, Sarawak Energy Bhd (Sarawak Energy) is stepping up its game in providing electricity to Indonesia, specifically to Kalimantan, in its mission to becoming a regional powerhouse.